WINSTON-SALEM, N.C., April 27 /PRNewswire-FirstCall/ -- Triad Guaranty
Inc. (Nasdaq: TGIC) reported today that Darryl W. Thompson has announced plans
to retire as President and Chief Executive Officer of the Company within the
next year. Mr. Thompson stated that he wanted to provide sufficient notice to
the Board to allow it to complete its senior management transition plan, which
was begun some time ago. He added that the Company has a strong executive
team in place, particularly with the promotion of Ron Kessinger to Chief
Operating Officer and Ken Lard to Executive Vice President of Sales and
Operations, as well as the recent hiring of Eric Dana as Chief Financial
Officer.
William T. Ratliff, III, Chairman of the Board, commented: "Triad's Board
of Directors is deeply grateful for Darryl Thompson's leadership of the
Company from its inception through nearly two decades of growth to become the
strong publicly-held mortgage insurance company that it is today. We now
appreciate the opportunity provided by the advance notice of Darryl's
retirement plans to complete our selection of the leadership team that will
take the Company forward to new levels of success."
Triad Guaranty Inc.'s wholly owned subsidiary, Triad Guaranty Insurance
Corporation, is a nationwide mortgage insurer providing mortgage insurance
(MI) to residential mortgage lenders. Private MI makes homeownership
available to buyers with equity of less than 20%, facilitates the sale of
mortgage loans in the secondary market and protects lenders from 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:
William T. Ratliff, III, Chairman of Triad
Guaranty Inc., +1-800-366-1010, or wtr3@NewSouthFederal.com
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