New CFO and New Senior Vice President Join Company
WINSTON-SALEM, N.C., April 4 /PRNewswire-FirstCall/ -- Triad Guaranty Inc.
(Nasdaq: TGIC) announced today that its subsidiary, Triad Guaranty Insurance
Corporation, has moved to strengthen its Senior Management Team by hiring
Kenneth W. Jones, CPA, as Senior Vice President, Chief Financial Officer and
Stephen J. Haferman as Senior Vice President, Risk Management and Technology
Services. Mr. Jones will hold similar titles at Triad Guaranty Inc. and
replaces Eric B. Dana who resigned from the company to pursue other interests.
Mr. Jones and Mr. Haferman will report to Mark K. Tonnesen, President and
Chief Executive Officer, in carrying out their responsibilities.
In his position, Mr. Jones will have full responsibility for all financial
matters pertaining to the company. Mr. Jones comes to Triad with over 25
years experience in the financial management of companies. Mr. Jones had been
at RBC Liberty Insurance Corporation, where he served as Senior Vice
President, Chief Financial Officer, since 2000. He moved to the Winston-Salem
area upon completion of RBC Liberty's divestiture of Liberty Insurance
Services in mid-year 2005. Previously he was associated with The Liberty
Corporation, where he held a number of management positions, most recently
Vice President, Controller and Acting Chief Financial Officer, and formerly
with Ernst & Young.
Mr. Jones is a Certified Public Accountant (CPA) and Fellow, Life Office
Management Association. He holds a B.S. in Accounting from Wake Forest
University.
In his position, Mr. Haferman will have responsibility for all risk
management analytics functions and technology services of the company. Mr.
Haferman was previously with Cheryl and Company, Columbus, Ohio from 2003,
most recently as Senior Vice President, Chief Operating Officer. From 2001 to
2003 Mr. Haferman was employed by American Electric Power as Vice President,
Marketing Information Management. From 1992 to 2001 he worked for Bank One
Corporation in a number of divisions and a variety of senior management
positions including; Senior Vice President, Direct Marketing for Bank One
Retail; Senior Vice President, Technology Program Manager, Bank One Retail;
Vice President, Risk Department Manager. From 1988 to 1992 he worked for
National City Bank where he was Risk Manager.
Mr. Haferman is a graduate of The Ohio State University where he received
an MBA in Finance/Strategy. He received a Bachelor's degree in Business,
summa cum laude, from Capital University.
"One of Triad's strengths is the deep experience of the senior management
team in the mortgage insurance business. Ken and Steve are seasoned
executives who bring complementary skills that will serve the long-term
interests of Triad's shareholders," stated Mr. Tonnesen. "I know I speak for
the entire executive management team in looking forward to them joining Triad,
sharing their expertise and experience and helping an already strong team make
Triad Guaranty the employer of choice in our community and industry."
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
CONTACT:
Mark K. Tonnesen, President and CEO of Triad
Guaranty Inc., +1-800-723-1282, ext. 1101, or mtonnesen@tgic.com
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