Fed Nat shares drop 5% after CFO departs
Shares in Federated National closed down almost 5 percent today (21
June) after the Florida homeowners carrier announced its CFO had
resigned with immediate effect.
The firm revealed last night that CFO Peter Prygelski had left
to pursue other opportunities and that Erick Fernandez, previously
vice president of corporate accounting and reporting, had taken the
position on an interim basis.
Commenting on the departure, Keefe, Bruyette & Woods analyst
Arash Soleimani described Prygelski as a "
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