Heritage appoints People’s Trust exec as CFO
Stephen Rohde, the chief financial officer (CFO) at Heritage Insurance Holdings, will retire from the firm effective June 1, 2016.
Steven Martindale, who formerly served as CFO at People's Trust Insurance Company, has been appointed to serve as CFO effective upon Rohde's retirement.
Rohde will continue to serve in an advisory capacity to help ensure a smooth transition of accountabilities.
Prior to his time at the People's Trust, Martindale was chief regulatory officer for the State of Ohio and was responsible for leading the Offices of Risk Assessment, Product Regulation and Actuarial Services and Fraud, Enforcement and Licensing.
Also within the finance department, Sharon Binnun, executive vice president (VP) of finance, has been appointed to chief accounting officer.
Additionally, Paul Neilson, VP of claims, has been named the company's chief claims officer.
"Steve has been an instrumental member of our management team since the inception of the company,” said Bruce Lucas, Heritage's chairman and chief executive officer (CEO).
“His business acumen and professionalism are exceptional and it has been an honour to have Steve as our CFO. Steve has agreed to stay on as a consultant for the next two years to ensure a smooth transition. I am very thankful for Steve's service and contributions to the company and wish him the best as he transitions into retirement.”
Lucas added: "We are excited to welcome Steven Martindale to his new role as CFO. Steven has a long tenure in the insurance industry and brings with him a thorough understanding of financial reporting, statutory accounting practices and risk assessment. He is known as a strategic thinker and the entire team is enthusiastic for Mr Martindale to come aboard.
“These promotions reflect our commitment to delivering on our financial and strategic initiatives. We appreciate Sharon and Paul's commitment and dedication to the Company and look forward to working with them in the years to come."
