Advocat (AVCA) Announces Resignation of CFO; Sam Daniel Potential Successor
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Advocat Inc. (Nasdaq: AVCA) announced that Glynn Riddle, the Company's Chief Financial Officer, has notified the Company that he intends to resign to pursue other interests and opportunities. In order to facilitate an orderly transition, his resignation will be effective as of March 31, 2012. The timing of his departure will allow the Company to complete its Annual Report on Form 10-K on time and will provide sufficient transition time for his responsibilities. The Company also announced that Sam Daniel has joined the Company as Executive Vice President.
It is expected that Mr. Daniel will be appointed as the Company's Chief Financial Officer effective April 1, 2012, following the departure of Mr. Riddle, and will at that time assume leadership of the remainder of the Company's financial and accounting functions.
It is expected that Mr. Daniel will be appointed as the Company's Chief Financial Officer effective April 1, 2012, following the departure of Mr. Riddle, and will at that time assume leadership of the remainder of the Company's financial and accounting functions.
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