People news: Eric Krouse named COO of Pinnacle

SYRACUSE, N.Y. — Pinnacle Holding Company, LLC announced it has appointed Eric Krouse as its chief operating officer (COO).

The company is parent of several diversified financial-services businesses, including Pinnacle Investments, its broker-dealer unit, where Krouse previously served as CEO.

“It’s been my honor to have guided Pinnacle Investments during these last few years of rapid growth as we developed the infrastructure needed to support Pinnacle as it expands from a regional firm to a national competitor,” Krouse said in a recent news release. “I feel the company is now at a point where I can confidently hand the reigns over to a new CEO and that individual will be able to hit the ground running,” he added.

As COO of the parent company, Krouse plans to ensure that infrastructure is leveraged across all companies. “Eric has helped us evolve from a small entrepreneurial firm with one office into a multi-faceted enterprise,” Gregg Kidd, founder and chairman, said in the release . “He has the ability to drill down to a level of detail that most people can’t, which has allowed me and the other members of our management team to focus on what we do best.”

In addition to being named COO, Krouse will continue to serve as chief financial officer and a board member, the release said. He is celebrating his 10-year anniversary with the firm, as Pinnacle celebrates its 20-year anniversary.

Pinnacle Holding Company is a Syracuse–based financial-services firm with businesses in brokerage, money management, employer-sponsored retirement plans, and insurance. It has more than $1.2 billion in assets under management.

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