Comstock CFO Leaves
Reston-based Comstock Homebuilding said that former finance chief Bruce Labovitz is no longer with the company. He's being replaced by chief accounting officer Jeff Dauer on an interim basis.
Here's the statement from CEO Christopher Clemente:
"I believe Jeff's considerable accounting and finance background, his track record of generating accurate and timely quarterly and annual reports for Comstock over the past several years, and his thorough understanding of Sarbanes Oxley and the accounting issues relative to our industry make him well suited for this role at Comstock Homebuilding Companies. Effective immediately I will be working directly with our lenders in an effort to develop a solution that is a win-win for all parties in hopes of finding common ground that affords Comstock Homebuilding Companies an opportunity to continue operations."
May 27, 2009; 5:54 PM ET
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