Ambac Announces Leadership Changes
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Ambac (AMBC) CEO Adams to Resign; Other Management Changes Announced
December 23, 2014 4:18 PM ESTAmbac (NASDAQ: AMBC) announced leadership changes.
Diana N. Adams is resigning as President and Chief Executive Officer of AFG and AAC by mutual agreement with the Board of Directors effective as of the close of business on December 31, 2014. Ms. Adams will also step down from the Board of Directors of each entity.
Effective January 1, 2015 Board Co-Chair Nader Tavakoli was appointed interim President and Chief Executive Officer of AFG and Executive Chairman of AAC. Board Member Jeffrey S. Stein was appointed Chairman of the Board of AFG. David Trick, Senior Managing... More
