Ambac Announces Resignation of Sean Leonard, Senior Vice President and Chief Financial Officer
24 Novembre 2009 - 6:49PM
Business Wire
Ambac Financial Group, Inc. (NYSE: ABK) (Ambac) announced
that Sean Leonard has resigned as Senior Vice President and Chief
Financial Officer of Ambac to pursue other interests. Mr. Leonard’s
resignation is effective today and, until such time as a
replacement is named, his department heads will report directly to
David Wallis, President and Chief Executive Officer.
Mr. Wallis commented, “Since joining Ambac in 2005, Sean has
been a very valuable and hard working member of the executive team.
Sean’s experience, intelligence and dedication have had a strong
and positive impact on the Company. We are fortunate to have had
him as part of the executive team and he will be greatly
missed.”
About Ambac
Ambac Financial Group, Inc., headquartered in New York City, is
a holding company whose affiliates provide financial guarantees and
financial services to clients in both the public and private
sectors around the world. Ambac's principal operating subsidiary,
Ambac Assurance Corporation, a guarantor of public finance and
structured finance obligations, has a Caa2 rating (developing
outlook) from Moody's Investors Service, Inc. and a CC rating
(credit watch positive) from Standard & Poor's Ratings
Services. Ambac Financial Group, Inc. common stock is listed on the
New York Stock Exchange (ticker symbol ABK).
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