Bermuda-based Quanta Capital Holdings Ltd. has filled two executive vacancies, naming Robert Lippincott III as chief executive and Jonathan J. R. Dodd as chief financial officer.
Mr. Lippincott replaces Tobey J. Russ, who resigned his positions as both CEO and a director of Quanta.
In accepting his new position, Mr. Lippincott was required to resign from the company's audit board, as he could no longer serve as an independent director.
His move also means that the board of directors is no longer comprised of a majority of independent directors, although the search has begun for an additional independent director.
"I appreciate Bob's willingness to take on this role. The company will benefit greatly from his wealth of hands-on insurance management experience," said Quanta's chairman, James J. Ritchie.
In addition to filling Mr. Russ' position, the company board named Mr. Dodd, who had been serving as interim chief financial officer, to that position on a permanent basis. Mr. Dodd has been the company's interim chief financial officer since August and has been with Quanta since October of 2003, previously serving as its group controller.
Mr. Ritchie said he was thankful for Mr. Russ' "contributions as a founder and the first chairman and chief executive officer of the company, and we wish him well in his future endeavors."
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