Loading
CLEARWATER — Francis McCahill resigned from his position as president and CEO at Homeowners Choice Inc. (symbol: HCII) effective June 30.
Chairman Paresh Patel will assume McCahill's responsibilities until a replacement is found. In a statement, the company says that Patel had already been substantially involved in Homeowners Choice's day-to-day operations.
In a letter to the board of directors, McCahill said he was leaving “strictly for personal reasons,” a statement says.
Headquartered in Clearwater, Homeowners Choice Inc. generated $68.6 million in 2010 revenues. Earlier this month, the company raised $12.5 million through an equity issuance. The value of its stock, currently just less than $8 a share, is essentially unchanged from the beginning of the year.
Your free article limit has been reached this month.
Subscribe now for unlimited digital access to our award-winning business news.
Join thousands of executives who rely on us for insights spanning Tampa Bay to Naples.
