SAN MATEO, Calif. (July 24, 2024) — CAMICO, the nation’s largest CPA-owned and directed program of insurance and risk management for the accounting profession, announced today that Mike Ray, CPA, will become President and Chief Executive Officer (CEO), effective January 1, 2025. Ray will succeed Ric Rosario, CPA, CGMA, who, in a planned move, will retire December 31, 2024, after serving as CAMICO’s CEO since 2009.
Ray, who joined CAMICO in February 2023 as Chief Financial Officer (CFO), is now phasing into the CEO role as planned by Rosario and CAMICO’s Board of Directors.
“With Mike’s proven leadership experience, expertise and keen understanding of the complex professional challenges that CPAs face, I believe he is the right leader to take CAMICO forward,” said Andrew M. Eassa, CPA, CAMICO Chairman of the Board. “His strategic vision and strong commitment to serving and protecting CPAs will ensure CAMICO’s continued guidance and support to our policyholders.”
“It has been a great honor to serve as CEO of CAMICO for the last fifteen years, guiding and supporting the organization as we strive to assure the continued protection and security of our policyholders,” Rosario said. “I have tremendous respect for Mike’s capabilities, and I am confident that CAMICO’s future under his leadership will be in good and capable hands moving forward.”
Ray previously worked for PricewaterhouseCoopers (PwC) and served as the CFO for California Casualty Management Company for 16 years. He has more than 10 years of leadership experience with the California Society of CPAs (CalCPA) San Francisco Chapter and began serving a two-year term as vice chair of CalCPA’s Board of Directors this month (July 2024).
“Serving as the CEO of CAMICO is a distinguished privilege,” Ray said. “Surrounded by dedicated employees, we aspire to be extraordinary in serving and protecting CPAs and financial professionals. I am committed to growing and protecting this policyholder-owned organization, while fostering a thriving and innovative culture. Building on CAMICO’s successes, the future looks bright, and I am honored to be able to serve and support the needs of our policyholders as the profession changes and evolves.”
Rosario, who has been with CAMICO for 32 years, will continue to serve as a member of CAMICO’s Board of Directors after his retirement as CEO and will succeed Eassa as Chairman of the Board when Eassa’s term expires in June 2025.
