CPA Trendlines

CEO, founder John Dodsworth set to retire in 2009

CAMICO Mutual Insurance Company, the nation’s largest CPA-owned provider of professional liability insurance, announced that Ric Rosario (left) will become CEO on Jan. 1, 2009, succeeding John A. Dodsworth (right), CPA, who, in a planned move, will retire June 30, 2009, after having served as CAMICO’s chief executive since the company’s inception in 1986.

After retiring, Dodsworth will continue to be a member of the company’s board of directors.

Rosario, 50, joined CAMICO in 1992 and has served as a Vice President since 1996 and as an Executive Vice President since 2006. He is now phasing into the CEO role as part of an orderly succession plan mapped out by Dodsworth and the company’s board of directors.

“Ric’s leadership has been an instrumental aspect of CAMICO’s solid growth during the past 16 years, and his vision will ensure the company’s continued guidance and support to our policyholders for years to come,” said Louis J. Barbich, CPA, CAMICO Chairman of the Board.

Rosario, a CPA and CFE, came to CAMICO as a risk management specialist when the company was serving 2,300 CPA firms only in the state of California. The company has since grown to serve more than 7,300 accounting firms and 65,000 staff members in 45 states and the District of Columbia.

Rosario’s responsibilities have included advising CAMICO’s member-owners and other CPAs on risk management principles and techniques. His current duties at CAMICO include executive oversight of underwriting, program development, and marketing and communication operations.

His public accounting background is in the audit division of the regional firm of John F. Forbes & Co. He later joined a start-up real estate venture as controller and completed his tenure there as chief financial officer.

Posted July 25, 2008
Related Topics: Camico, Insurance, liability, malpractice