Dyad names Sara Codella CEO as Craig Foos becomes executive chairman

Dyad has appointed former Boston Consulting Group managing director Sara Codella as chief executive officer, effective Oct. 27, 2026. The leadership change comes as the Boston-based insurance technology company pushes to expand its AI capabilities across agency management and distribution software.

Why it matters: - Dyad is putting AI and insurance technology expertise at the center of its next growth phase. - The leadership shift is designed to support Dyad’s push to help agencies, MGAs, wholesalers and carriers book more business and operate more efficiently. - Craig Foos moving to executive chairman keeps continuity in place while giving Codella day-to-day leadership.

What happened: - Dyad named Sara Codella chief executive officer on Oct. 27, 2026. - Codella joins Dyad from Boston Consulting Group, where she was a Managing Director & Partner. - Craig Foos becomes executive chairman and remains closely involved with Dyad. - Dyad is based in Boston, Massachusetts.

The details: - Codella led BCG’s property and casualty insurance practice and served on the leadership team of BCG X as Global AI Talent Lead. - Her work at BCG included large-scale AI transformations and building AI teams. - Codella advised carriers, brokers, MGAs and insurtechs across commercial and specialty lines of business. - She also supported private equity firms on diligence and portfolio company value creation. - Codella started her career at Accenture working on insurance technology across the value chain. - She has more than 20 years of experience at the intersection of insurance, technology and transformation. - Codella holds an engineering degree from the University of Illinois and an MBA from Northwestern’s Kellogg School. - Foos said Dyad has built momentum across its ALIS and Nexsure platforms under his leadership. - Foos said he sees the next chapter as further differentiating Dyad’s platforms in the age of AI. - Serent Capital Partner Kevin Frick said the company’s innovation focus is increasingly important as Dyad adds capabilities to help clients book more business and operate more efficiently. - Frick said Codella brings deep insurance experience, product expertise and a strong understanding of agentic automation.

Between the lines: - The appointment signals that Dyad wants a leader who can connect insurance operations with AI-driven product strategy. - Keeping Foos as executive chairman suggests the company wants to preserve institutional knowledge while accelerating change. - The messaging from both leadership and investors points to AI as a core competitive battleground in insurance distribution software.

What's next: - Dyad said it will continue focusing on simplifying insurance processing and distribution, improving customer service and generating business insights. - Codella and Foos are expected to work closely as Dyad pursues growth and category leadership. - Dyad’s next products and capabilities will likely be shaped by the company’s AI priorities.

The bottom line: - Dyad is handing the CEO role to an insurance-and-AI operator as it tries to strengthen its position in agency management software and broaden its advantage in the market.

For more information, visit the company's announcement.