White River Capital has confirmed the departure of Mark Ruh as its president, COO and secretary, effective immediately. In connection with Mr. Ruh’s departure, he will also step-down as a director of the company.
Mr. Ruh has served as the president and COO and as a director of White River since 2004, and has served as the president of White River’s wholly-owned subsidiary, Union Acceptance Company since 2003. He also served as Union Acceptance Company’s CFO from 2003 to 2005.
White River does not currently intend to fill the executive officer or director positions vacated by Mr. Ruh.
John Eggemeyer, CEO of White River, said: On behalf of the board of directors and everyone at White River, I would like to express sincere thanks and appreciation to Mark for his many contributions to White River over the years, especially with regard to his significant efforts and success in the formation of White River in 2004 and 2005, and during the wind-down of Union Acceptance Company. Mark has played an integral role over the years in our company’s success and has all of our best wishes for the future.
