Following a successful six-year tenure as Florida Citizens Property Insurance Corp.'s CFO, Sharon Binnun has accepted a position in the private sector with a state-based insurer that has not done depopulation business with the last-resort insurer.
Binnun will resign her post effective July 5.
In a memo to staff, Citizens CEO Barry Gilway spoke of Binnun's upcoming departure with a mixture of "pride and regret," acknowledging her leadership following the devastating 2004/2005 hurricane seasons that tested the Florida insurance market and put increased demands on Citizens.
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