WINSTON-SALEM, N.C., Jan. 19 /PRNewswire-FirstCall/ -- Triad Guaranty
Inc. (Nasdaq: TGIC) announced that it has hired Gregory J. McKenzie as
President and Chief Executive Officer, Triad Guaranty Insurance Corporation
Canada (Triad Guaranty Canada), effective immediately. Mr. McKenzie will
report to Mark K. Tonnesen, Chief Executive Officer, Triad Guaranty Inc.
and President and Chief Executive Officer, Triad Guaranty Insurance
Corporation. It is anticipated that Triad Guaranty Canada will commence
operations during the second quarter 2007.
(Photo: http://www.newscom.com/cgi-bin/prnh/20070119/CLF026)
Mr. McKenzie will be responsible for leading the start-up of Triad's
Canadian operation, the strategic direction of the company, and its
ultimate success.
"Greg is a seasoned senior executive with a proven track record of
successfully running companies and building self-sustaining organizations,"
stated Mr. Tonnesen. "He understands the Canadian market and has the
experience and leadership skills to insure that Triad's operations will be
successful and achieve their rightful market share."
Mr. McKenzie has over 25 years experience in growing and leading
organizations that consistently exceed objectives and attain marketing
leadership positions. Most recently, Mr. McKenzie lead Pitney Bowes Mail
Services where he developed and implemented a strategic plan that delivered
multiple years of superior growth and returns. Previously he was President
and Chief Operating officer, Metaca Corporation where he led the business
to become the #1 payment, loyalty and identification card company in
Canada.
Mr. McKenzie holds a HBBA degree from Wilfrid Laurier University,
Waterloo, Ontario.
Triad Guaranty Inc.'s wholly owned subsidiary, Triad Guaranty Insurance
Corporation, is a nationwide mortgage insurer providing credit enhancement
solutions to its lender customers and the capital markets. This allows
buyers to achieve homeownership sooner, facilitates the sale of mortgage
loans in the secondary market and protects lenders from credit
default-related expenses. For more information, please visit the company's
web site at http://www.triadguaranty.com.
SOURCE Triad Guaranty Inc.
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Related links:
http://www.triadguaranty.com
Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/20070119/CLF026
AP Archive: http://photoarchive.ap.org AP PhotoExpress
Network: PRN3 PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
Mark K. Tonnesen, Chief Executive Officer of
Triad Guaranty Inc., +1-800-451-4872 ext. 1101, or
mtonnesen@tgic.com
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