For Immediate Release
From: Vermont Captive Insurance Association
Date: September 29, 2021
VCIA Announces Resignation of President Richard Smith
Burlington, Vermont -- The Vermont Captive Insurance Association (VCIA) today announced that Richard Smith, President of the Association since 2009, has decided to step down from his post at the beginning of 2022.
Smith expressed a desire to complete his tenure with VCIA in order to create space for new VCIA leadership to further advance the organization’s goals and serve its members. Though he has not detailed specific plans for the next chapter of his own career, he indicates he may pursue things closer to his own Vermont community.
“It has been a great privilege to lead this incredible organization for the past twelve years,” stated Smith. “I am so grateful for the hard work and commitment of our wonderful staff, our board of directors, and VCIA’s members. I truly value the friendships I have made here. VCIA would not be what it is today without the significant contributions of everyone in this vibrant industry.”
VCIA has navigated the pressures all organizations have endured over the past two years due to COVID-19, and is in a good position to be part of the unprecedented growth now being experienced in the captive insurance industry.
VCIA Board Chair Stephanie Mapes, of Paul Frank + Collins, extended her thanks to Smith for his leadership. “Rich has been a pleasure to work with. He has skillfully led the VCIA with a steady hand during some very turbulent times. The VCIA Board truly thanks Rich for his hard work and deep commitment to the Association.”
The VCIA Board of Directors has created a formal search committee to focus on identifying VCIA’s next president. Their top priority is a smooth transition process to aid in the continued success of the organization.
More information on the leadership transition will become available over the next couple of months. It is anticipated that a new president will be in place sometime during January 2022.
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