BRADENTON, Fla.--(BUSINESS WIRE)--SUNZ Holdings today announced the appointment of Michael W. Grandstaff to the position of Chief Financial Officer and Executive Vice President of SUNZ Holdings, and Chief Financial Officer of SUNZ Insurance Company. Grandstaff will report directly to Steven F. Herrig, CEO and Chairman of the Board. In his new position, Grandstaff will be responsible for overseeing the financial reporting and accounting operations for SUNZ Insurance Company. He will also play an important part in setting strategic direction and development of the holding company’s affiliates.
"Mike brings fantastic skills to our finance and accounting team from his experience at other insurance carriers and insurance service providers. I’m excited to have Mike join the SUNZ senior leadership team. He is an accomplished executive, and I’m confident that with Mike at the helm, we will meet our growth goals as we continue to move forward,” said Herrig. "In addition, his knowledge of the PEO and Staffing industries will be exceptionally beneficial to SUNZ and its policyholders.”
“This is a great time to be joining SUNZ,” said Grandstaff. “Being able to help an organization during a critical growth period is extremely appealing to me. I look forward to using my financial expertise and management skills to assist in providing unmatched services to current and prospective policyholders and controlling the costs associated with claims. I think my background of working for companies that focused on workers’ compensation services and coverage will be advantageous to the policyholders of SUNZ.”
Before joining SUNZ, Grandstaff held positions with several insurance carriers and was employed by several national accounting firms. Most recently, he was an Executive Vice President for a workers’ compensation insurance service provider where he led his team in acquiring numerous acquisitions that included assets of $132 million. Grandstaff has been responsible for organizational strategy, GAAP and statutory accounting and financial reporting, actuarial reserving and financial planning and analysis throughout his 34-year career.
Grandstaff earned his BA and MBA in Accounting from Michigan State University in 1983 and received his CPA designation in Michigan and California.
SUNZ Holdings, the parent company to five subsidiaries, is owned by Steven F. Herrig. SUNZ Insurance Company (www.sunzinsurance.com) and SUNZ Insurance Solutions, the initial companies held by the holdings company, were founded specifically to provide workers’ compensation solutions for Professional Employer Organizations, staffing companies and large self-insured employers. Other affiliates under the SUNZ Holdings moniker include: Next Level Administrators, a goal-oriented workers’ compensation claims and program administration firm, SUNZ Insurance Agency, an insurance agency, and DiffRins SPC, a class B(i) licensed insurance company under the laws of the Cayman Islands.