Triad Guaranty (TGIC) Announces the Retirement of Mark Tonnesen; William Ratliff Assumes Additional Duties as CEO and President
More News related to TGIC
- Unusual 11 Mid-Day Movers 9/4: CAPA, TGIC, HAYZ, PSS Higher; CIEN, VOL, BTH, TEX Lower
- BeaconEquity.com Issues Technical Trade Alerts on Surety & Title Insurance Stocks: ABK, TGIC, MBI, RDN, SCA, FNF
- Unusual 11 Mid-Day Movers 8/28: TGIC, MBI, BDSI, SEED Higher; GENR, FCEL, WSM, FPP Lower
- BeaconEquity.com Issues Trade Alerts on Market Movers: TGIC, PSPT, JBLU, CMED, NTRZ, SRCH
- Triad Guaranty Inc. Reports Second Quarter Loss as Reported Defaults and Foreclosures Continue to Rise
More News related to Management Changes
- Black & Decker (BDK) Appoints Stephen F. Reeves as CFO
- Meadowbrook Insurance Group (MIG) Announces Retirement of its Founder/Chairman
- Carriage Services (CSV) CFO, Dixon, Resigns
- Collective Brands (PSS) Senior VP/CFO/Treasurer Porzig Retires
Triad Guaranty Inc. (Nasdaq: TGIC) announced that its President and Chief Executive Officer, Mark K. Tonnesen, will retire from the company on August 15, 2008. William Ratliff, Chairman of Triad's Board of Directors, will assume these positions on an interim basis, in addition to his current role, effective July 18, 2008.
Following the determination by the company's Board earlier this year that Triad would ultimately transition its business into run-off, Mr. Tonnesen and the company agreed to revise his employment agreement and announced that Mr. Tonnesen would retire by year-end. Under his revised employment agreement, Mr. Tonnesen will remain a consultant to Triad for two years following his retirement.
Related Categories
Management ChangesStocks Mentioned
+0.40Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
