SeaBright Insurance Holdings Announces Passing of Chief Financial Officer Joseph S. De Vita
21 Abril 2008 - 1:41PM
Business Wire
SeaBright Insurance Holdings, Inc. (SeaBright) (Nasdaq: SEAB)
announced that Joseph S. De Vita, senior vice president and chief
financial officer, passed away unexpectedly on Sunday, April 20,
2008. Mr. De Vita was 66 years old. �We have lost a tremendous
friend and colleague,� noted John Pasqualetto, SeaBright�s
Chairman, President and Chief Executive Officer. �Having worked
side-by-side with Joe for more than 20 years, I had the privilege
of having access to and spending quality time with one of the
brightest and most talented individuals in our industry. Joe served
as a mentor to many within the SeaBright organization and is
credited with developing the infrastructure and controls for our
finance and accounting departments, successfully driving these
activities since our IPO in 2005. Joe will be greatly missed and
our heartfelt wishes go out to his family and friends.� Mr. De Vita
is survived by his wife, Christina; his 4 children and 1 grandson.
Mr. De Vita�s distinguished career in the insurance industry, with
an emphasis on finance and accounting, spanned more than 35 years.
He began his financial career with PricewaterhouseCoopers. Mr. De
Vita held a BA degree in Accounting from St. Joseph's University,
an MBA in Finance from Drexel University, and was a member of the
AICPA. SeaBright has begun the process of selecting a new chief
financial officer. No timetable for naming a suitable replacement
for Mr. De Vita has been set. Until a successor is appointed, Mr.
De Vita�s able team will assume his duties under the direction of
M. Philip Romney, vice president of finance and principal
accounting officer. About SeaBright Insurance Holdings, Inc.
SeaBright Insurance Holdings, Inc. is an insurance holding company
whose wholly owned subsidiary, SeaBright Insurance Company,
operates as a specialty underwriter of multi-jurisdictional
workers� compensation insurance. SeaBright Insurance Company
distributes its maritime, alternative dispute resolution and state
act products through selected independent insurance brokers and
through its in-house wholesale broker affiliate, PointSure
Insurance Services. SeaBright Insurance Company provides workers'
compensation coverage to employers in selected regions nationwide.
To learn more about SeaBright Insurance Company and SeaBright
Insurance Holdings, Inc., visit our website at www.sbic.com.
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