Quanta Capital Holdings Ltd., which is struggling to recreate itself and to keep its A.M. Best rating at "A-minus," announced the resignation of its chief executive officer, Tobey Russ, last night.

Quanta said its board of directors has appointed Robert Lippincott III as its interim CEO, and that Mr. Lippincott will replace Mr. Russ, who resigned CEO and as a director of the company.

Last night, the board also announced that it has concluded its search for a permanent chief financial officer, appointing interim CFO Jonathan Dodd, to that position.

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