Thomas C. Theobald Appointed to Ambac Board of Directors
19 Août 2004 - 3:00PM
PR Newswire (US)
Thomas C. Theobald Appointed to Ambac Board of Directors NEW YORK,
Aug. 19 /PRNewswire-FirstCall/ -- Ambac Financial Group, Inc.
(NYSE:ABK) (Ambac) announced today that Thomas C. Theobald, a
senior advisor at William Blair Capital Partners and former
Chairman and Chief Executive Officer of Continental Bank Corp., has
joined its Board of Directors, effective today. The addition of Mr.
Theobald to the Ambac Board increases its membership to ten. Of the
ten, other than the Chief Executive Officer, all are non-employee
directors. Commenting on the appointment, Ambac President and CEO,
Robert J. Genader, stated: "The addition of Mr. Theobald to our
Board further enhances its depth and expertise. Tom is highly
respected within the financial services field and brings to Ambac
his many years of leadership and insight." Mr. Theobald joined
William Blair Capital Partners in 1994 following his role as
Chairman and CEO of Continental Bank, where he had served since
1987 following the bank's failure in 1984. Under his leadership,
Continental focused its strategy, cut costs, improved corporate
marketing and returned to profitability and ultimately to full
public ownership prior to its sale to BankAmerica in 1994. Prior to
1987, Mr. Theobald worked at Citicorp/Citibank for over 25 years in
various capacities in the domestic and international sectors,
including serving as Vice Chairman from 1982 to 1987. Mr. Theobald
currently is Chairman of the Board of Columbia Mutual Funds and
sits on the boards of Anixter International, Jones Lang LaSalle
Incorporated and Ventas, Inc. He is a Life Trustee of Northwestern
University, a member of the Board of Dean's Advisors at Harvard
Business School and a director of the MacArthur Foundation. He has
a B.A. from Holy Cross College and an M.B.A. from Harvard Graduate
School of Business, where he was a Baker Scholar. 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 leading guarantor of public finance and structured
finance obligations, has earned triple-A ratings, the highest
ratings available from Moody's Investors Service, Inc., Standard
& Poor's Ratings Services, Fitch, Inc. and Rating and
Investment Information, Inc. Ambac Financial Group, Inc. common
stock is listed on the New York Stock Exchange (ticker symbol ABK).
DATASOURCE: Ambac Financial Group, Inc. CONTACT: Peter R. Poillon,
Ambac Financial Group, Inc., +1-212-208-3333, Web site:
http://www.ambac.com/
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