Camico Mutual Insurance, the largest CPA-owned mutual insurance company in the U.S., named Ric Rosario as its new CEO.

He will take over the chief executive spot on Jan. 1, 2009. Rosario (pictured) has served as a vice president since 1996 and executive vice president since 2006 at the company. He will succeed John A. Dodsworth, who will retire June 30, 2009. Dodsworth has served as chief executive since 1986 when Camico was founded.

Rosario, 50, joined Camico in 1992. A CPA and certified fraud examiner, he came to Camico as a risk management specialist when the company was serving 2,300 CPA firms only in the state of California. 

The company has since grown to serve more than 7,300 accounting firms and 65,000 staff members in 45 states and the District of Columbia. Rosario is phasing into the CEO role as part of an orderly succession plan mapped out by Dodsworth and the company's board of directors.

His public accounting background is in the audit division of the regional firm of John F. Forbes & Co. He later joined a start-up real estate venture as controller and completed his tenure there as chief financial officer.

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