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Harbor Custom Development,Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ), a Tacoma, Washington-based real estate company involved in all aspects of the land development cycle, announced Lance Brown is stepping down as chief financial officer (CFO), effective July 21.

In a statement, the company said, “Mr. 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.”

Separately, the company said it will promote Yoshi Niino, director of accounting since February 2022, to chief accounting officer effective July 21. Upon assuming this role, Niino will execute the duties of the company’s principal financial officer and principal accounting officer for U.S. Securities and Exchange Commission reporting purposes until the Company hires a new CFO.