MGIC CFO Timothy Mattke to succeed Patrick Sinks as CEO; Mattke elected to Board
"I have been fortunate to have had a long and successful career with a wonderful company and to have worked with so many talented people. Tim has been a key contributor to our company's success since he joined us 13 years ago and is well-suited to be our next leader," said Sinks. "We have a tradition of internally developing our talent, including our CEOs, and I am delighted that we have someone of Tim's caliber, expertise and vision to lead the company. I am confident that Tim's leadership will enable our company to continue to prosper well into the future. My responsibility through
Mattke said, "I am honored to continue to build on the strong foundation established by Pat and his predecessors. Pat's thoughtful leadership, business acumen and personal style have enabled the company to continue to be a leader in our industry. We are well-positioned for the future and our management team is as strong as it has ever been. The promotions of Sal and Nathan, each of whom is incredibly talented, speaks to the depth of our internal management team bench. I am confident that, together, we will deliver the results our shareholders, customers and co-workers expect and deserve."
Mattke has been with the company since 2006. He served as Executive Vice President and Chief Financial Officer since 2014 and as Controller from 2009-2014. Previously, Mattke held other positions within the company's accounting and finance departments. Before joining the company, Mattke was an Audit Manager with
Miosi has been with the company since 1988. He served as the Executive Vice President – Business Strategies & Operations for
Colson has been with the company since 2014. He served as Vice President– Finance since 2019 and previously as Assistant Treasurer and other positions within the company's finance and risk departments. Before joining the company, Colson was a Senior Audit Manager with
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The forward looking statements, as well as our prospects as a whole, are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in the forward looking statements. For more information regarding these risks and uncertainties as well as certain additional risks that we face, you should refer to the Risk Factors detailed in Item 1A of our 2018 Form 10-K, and to subsequent reports filed from time to time with the
Investors/Media,Michael J. Zimmerman, (414) 347-6596, email@example.com