MILWAUKEE, July 12, 2018 /PRNewswire/ -- MGIC
Investment Corporation (NYSE: MTG) announced that Paula C. Maggio will be joining the company on
July 16, 2018 to serve as Executive
Vice President – Law. She is slated to become the
company's General Counsel and Secretary upon the previously
announced retirement of Jeffrey Lane, who holds those positions
today. Ms. Maggio will hold the same offices with MTG's
principal subsidiary, Mortgage Guaranty Insurance Corporation
(MGIC).
Ms. Maggio comes to MGIC with more than 20 years of experience
in legal and corporate governance, most recently in the role of
Executive Vice President, General Counsel and Secretary for Retail
Properties of America, Inc., in Oak
Brook, Ill. Ms. Maggio's background includes various
leadership positions with Strategic Hotels & Resorts, Inc., in
Chicago, Ill, where she served as
a trusted advisor to the CEO and Board of Directors, consulting on
business objectives, strategy, corporate affairs, transactions and
personnel matters.
"Paula's extensive knowledge of complex governance, real estate
and capital issues is matched by her demonstrated ability to
deliver on strategic business imperatives," said Patrick Sinks, CEO of MTG and MGIC. "Our
company has been served incredibly well under the guidance of Jeff
Lane, and we will always be grateful to him for his outstanding
contributions. Paula joins us as we move forward in a new era for
MGIC, strengthening our leadership position in the industry while
maintaining the prudence and Midwestern values that we are known
for. I am delighted to welcome her to the team."
Ms. Maggio earned a Bachelor of Arts degree in Political Science
as well as her Doctor of Jurisprudence (J.D.) professional degree
in law from the University of Illinois,
Urbana-Champaign.
About MGIC
MGIC (www.mgic.com), the principal
subsidiary of MGIC Investment Corporation (NYSE: MTG), serves
lenders throughout the United
States, Puerto Rico, and
other locations helping families achieve homeownership sooner by
making affordable low-down-payment mortgages a reality. At
June 30, 2018, MGIC had $200.7 billion of primary insurance in force
covering approximately one million mortgages. From time to time
MGIC Investment Corporation releases important information via
postings on its corporate website, including corrections of
previous disclosures, without making any other disclosure and
intends to continue to do so in the future. Investors and other
interested parties are encouraged to enroll to receive automatic
email alerts and Really Simple Syndication (RSS) feeds regarding
new postings. Enrollment information can be found at
http://mtg.mgic.com under Investor Information.
View original
content:http://www.prnewswire.com/news-releases/mgic-announces-paula-c-maggio-to-be-executive-vice-president--general-counsel-and-secretary-300680447.html
SOURCE Mortgage Guaranty Insurance Corporation