Published:
BancInsure's Chief Financial Officer to Retire, Interim Replacement Named
OKLAHOMA CITY - (BUSINESS WIRE) - Following a meeting of the board of directors last week in Oklahoma
City, BMSI Holdings, Inc. - the holding company for insurance carrier
BancInsure (www.bancinsure.com)
- announced the retirement of Cynthia F. McInerney. Mrs. McInerney has
served in numerous roles, most recently as a director, Executive Vice
President, CFO, Treasurer and Secretary of the Companies. Her retirement
becomes effective November 15, 2009.
"Cindy's presence in the organization pre-dates the inception of the
first policy. She was here on the first day of operations and her
accomplishments will continue to benefit our policyholders,
shareholders, and employees well into the foreseeable future," said Rodney
N. Sargent, President & Chief Executive Officer.
"Cindy's impact over the years has been truly significant," said Galen
T. Pate, Chairman of the Companies. "On behalf of the entire Board
of Directors, we commend Cindy for her dedication, contributions, and
commitment throughout her career."
BMSI Holdings also announced the promotion and election of Mark Krienke
to Vice President of the Companies. Mr. Krienke, 44, was also named
interim CFO, Secretary and Treasurer until a permanent replacement is
named and he will report directly to the CEO.
"We are very fortunate indeed to have a financial professional of Mark's
caliber already in place and immediately prepared to assume the
responsibilities of the position." said Sargent, "His in-depth knowledge
of our financials and accounting systems will allow Mark to transition
smoothly into his larger responsibilities."
Prior to his promotion, Mr. Krienke served as Director of Accounting at
BancInsure, where he was responsible for controllership, financial
planning and month-end reporting. Before coming to BancInsure, Mark was
a Director at Claimetrics, where he was instrumental in implementing
accounting, claims, and financial systems for the firm.
A graduate of Midwestern State University in Wichita Falls, Texas, Mr.
Krienke is active in his church and community.
ABOUT BANCINSURE
Headquartered in Oklahoma City, BancInsure is a full-line independent
insurer, licensed in 48 states. BancInsure holds an "A- (Excellent) with
a stable outlook" rating from A.M. Best and is endorsed by eighteen
state banking organizations.
BancInsure, Oklahoma City
Peter Risman, 210-854-7121
Director
of Communications
prisman@bancinsure.com
Copyright © 2009, Business Wire, Inc., All rights reserved.
Copyright © 2009, NewsBlaze,
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