MGIC CFO Lauer To Retire; Controller Mattke To Succeed Him
MILWAUKEE, Oct. 24, 2013
MILWAUKEE, Oct. 24, 2013 /PRNewswire/ -- MGIC Investment Corporation (NYSE:
MTG) today announced that J. Michael Lauer, who has been the Company's Chief
Financial Officer since 1989, is retiring February 28, 2014. Timothy J.
Mattke, the Company's Controller since 2009, will become Chief Financial
Officer effective upon Mr. Lauer's retirement. For one year after his
retirement, Mr. Lauer will remain available to provide advisory services to
"Mike has had a long and distinguished career at MGIC during which he and MGIC
endured the ups and downs of our industry," said Curt Culver, the Company's
Chairman and CEO. "All of us will miss his leadership and camaraderie even as
we benefit from the strong successor that Mike has developed in Tim."
Mr. Mattke, age 37, has been with the Company for over seven years. Prior to
his becoming Controller, he was Assistant Controller of Mortgage Guaranty
Insurance Corporation ("MGIC"), since August2007 and prior to that was a
manager in MGIC's accounting department. Before joining MGIC, Mr.Mattke was
an audit manager and an auditor with PricewaterhouseCoopers LLP, the Company's
independent accountants. He has a BS from the University of Wisconsin-Madison
as well an MA in Accountancy from that University and is a CPA.
MGIC (www.mgic.com), the principal subsidiary of MGIC Investment Corporation,
is the nation's largest private mortgage insurer as measured by $159.2 billion
primary insurance in force covering approximately 1.0 million mortgages as of
September 30, 2013. MGIC 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.
From time to time MGIC Investment Corporation releases important information
via postings on its corporate website 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.comunder Investor Information.
SOURCE MGIC Investment Corporation
Contact: Investor, Michael J. Zimmerman, (414) 347-6596,
firstname.lastname@example.org, or Media, Katie Monfre, (414) 347-2650,
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