Harbor Custom Development CFO Lance Brown to resign

Harbor Custom Development announced Lance Brown, Chief Financial Officer, will be resigning from the company, effective July 21, 2023. Brown’s decision to resign does not relate to any disagreement with the company’s management, the Board of Directors of the company, or the company’s independent auditors regarding any matter pertaining to the company’s operations, accounting practices, financial disclosures, internal controls, policies, or practices. The company has initiated a search for a new Chief Financial Officer to fill this position. “I am grateful for the opportunity to serve as the Chief Financial Officer of Harbor Custom Development and have immensely enjoyed the collaboration, trust, and shared commitment of all Harbor team members. I am confident in the future of Harbor and leave proud of my contribution to the strong foundation for sustained financial success,” stated Lance Brown, Chief Financial Officer of Harbor Custom Development. The company expects to promote Yoshi Niino, Harbor’s Director of Accounting since February 2022, to Chief Accounting Officer effective July 21, 2023. Upon assuming this role, Niino will execute the duties of the company’s principal financial officer and principal accounting officer for Securities and Exchange Commission reporting purposes until the company hires a new CFO.