Insights

TCIG Names Michael Day to Its Board of Directors

Apr 18, 2023

DALLAS, April 18, 2023 – TCIG, which will roll up the market for small and medium-size cybersecurity companies, has added Michael Day to its board of directors. Founded in 2022, TCIG also plans to purchase business services firms such as MSPs, MSSPs, VARs, and IT providers.

Mr. Day is an experienced board member who brings financial expertise and a strategic focus to his board assignments. He has worked with companies through M&A, transformation, and growth efforts.

“Most recently, Michael was President and CEO of Topa Insurance Group, a personal and small commercial lines insurer,” said Toni Memedi, TCIG’s Founding Director. “He assumed the role at the request of the board following the departure of his predecessor in December 2019 and held that position until March 2023.”

During his tenure, Mr. Day was responsible for refocusing and clarifying the strategic direction of the company and driving down the risk profile of its book of business. He also served on the board and chaired the Audit Committee.

“Cyberattacks represent a significant threat to individuals and businesses and the world economy,” Mr. Day said. “Small to medium-size businesses are especially at risk and vulnerable to these attacks and are much more likely to experience business failure should they become victims of such attacks.

”He added: “TCIG’s objective is to enhance the capability, efficiency, and reach of small and medium-size cybersecurity companies. We will work with these companies to create synergies and develop and deploy their services to a broader SMB market. I am drawn to the company because it represents an opportunity to work with highly talented and motivated individuals in addressing a critical real world need.”

Currently, Mr. Day serves on the board of trustees of Russell Investment Company / Russell Investment Funds, which are mutual fund complexes affiliated with Russell Investments as their Advisor.

He also serves on the board of Somos, Inc., a global source of number administration, routing data, identity verification, and identity management services for the telecommunications ecosystem. Through its portfolio of products and services, Somos helps ensure trust in an increasingly digital world while delivering value, innovation, and results to customers. He chairs their Audit Committee and has served on the Compensation Committee.

“Previously, Michael was on the boards of Puppet, Inc., and Recology, Inc.,” said Mario Memedi, Co-Founder and COO at TCIG. “Until his retirement in 2015, he was the chief financial officer for CSAA, then a $3 billion personal lines insurer. He was responsible for managing the company through significant transactions, including the separation of CSAA from AAA NCNU, which had been operating as a combined entity, and the acquisition of Mid-Atlantic Insurance Group.”

His other tenures include a role as financial consultant with Africast Global Media, a startup focused on delivering original African television content; senior vice president, corporate and international finance of MTV Networks, where he managed planning, financial reporting, treasury, capital approval, and international finance; and the Walt Disney Company, where he held the role of director of corporate financial reporting, responsible for all SEC financial filings including 10Ks and 10Qs and, prior to that role, director of corporate planning and accounting.

“Michael began his career with Deloitte in their audit group and left as an audit senior manager. Until his relocation to his current home in Las Vegas, NV, he served on the board of Junior Achievement of Northern California, a not-for-profit organization focused on developing business awareness in youth,” said Marc Lotti, CEO of TCIG.

Mr. Day has an MBA in finance from Columbia University and a BBA in accounting from Baruch College. He is also a certified public accountant in the state of New York (inactive) and is a National Association of Corporate Directors (NACD) Fellow.