Radian Announces C. Robert Quint to Retire as CFO at Year End 2014; Appoints J. Franklin Hall to CFO Effective January 1, 2015
15 Décembre 2014 - 2:00PM
Business Wire
Radian Group Inc. (NYSE:RDN) announced today that its Executive
Vice President and Chief Financial Officer C. Robert Quint will
retire from this position at the end of 2014 after nearly 25 years
with Radian. J. Franklin Hall will assume the role of executive
vice president and chief financial officer of Radian on January 1,
2015. In order to ensure a smooth transition, Quint will serve as
executive vice president of finance through March 31, 2015, and
then assume a consulting role through the end of 2015.
Over the course of more than two decades at Radian, Quint has
been responsible for all financial functions. He joined the company
as controller and vice president of administration in 1990 and he
subsequently played a major role in the company’s 1992 initial
public offering. In 1996, Quint was promoted to chief financial
officer and, three years later, was named executive vice
president.
Radian Chief Executive Officer S.A. Ibrahim said, “Throughout
market highs and lows, Bob’s finance and business acumen combined
with the respect he has earned among Radian employees, customers,
regulators and investors have helped the company grow and deliver
value to our stockholders. I am personally grateful to Bob for the
past 10 years of inspiring passion, creativity and tenacity as we
worked together to ensure success for Radian. We look forward to
Bob’s help during the transition, and we wish him all the best as
he pursues his other passions.”
Quint said, “I have enjoyed my many years with Radian and will
always be grateful for the opportunity to work with such a talented
team. Through periods of tremendous change and opportunity, it has
been a privilege to play a part in improving the company’s
financial performance and in laying a strong foundation for future
profitable growth.”
J. Franklin Hall
Hall brings extensive expertise to Radian, with more than two
decades of leadership and experience in financial reporting,
planning and analysis, investor relations, capital planning,
corporate development, tax and treasury. Hall began his career with
Ernst & Young, and later served as a senior financial analyst
for Firstar Bank. He joined First Financial Bancorp in 1999, and
assumed the role of chief financial officer in 2005.
Ibrahim said, “We are delighted to have Frank join our
exceptional Radian team. His financial services background,
particularly in consumer lending, mortgage and credit businesses,
will complement the customer perspective of our leadership team. We
believe that Frank brings the right talents and experiences to the
role as we continue to grow our company and diversify our sources
of revenue.”
Hall said, “I would like to thank the Board and the management
team for the strong vote of confidence. This is an exciting time to
join a company that is well known for its solid reputation as an
industry leader. I look forward to continuing the great work of the
finance organization and to getting to know the employees,
customers and investors that help to make Radian successful.”
About Radian
Radian Group Inc. (NYSE:RDN), headquartered in Philadelphia,
provides private mortgage insurance and related risk mitigation
products and services to mortgage lenders nationwide through its
principal operating subsidiary, Radian Guaranty Inc. These services
help promote and preserve homeownership opportunities for
homebuyers, while protecting lenders from default-related losses on
residential first mortgages and facilitating the sale of
low-downpayment mortgages in the secondary market. Additional
information may be found at www.radian.biz.
Forward-Looking Statements
Some of the statements in this press release may constitute
“forward-looking statements” within the meaning of Section 27A of
the Securities Act of 1933, Section 21E of the Securities and
Exchange Act of 1934 and the United States Private Securities
Litigation Reform Act of 1995. Words such as "will," "expects,"
"believes" and similar expressions are used to identify these
forward-looking statements. These forward-looking statements, which
may include without limitation, projections regarding our future
performance and financial condition, are made on the basis of
management’s current views and assumptions with respect to future
events. Any forward-looking statement is not a guarantee of future
performance and actual results could differ materially from those
contained in the forward-looking statement. These statements speak
only as of the date they were made, and we undertake no obligation
to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise. We operate
in a changing environment. New risks emerge from time to time and
it is not possible for us to predict all risks that may affect us.
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 Part I of our Annual Report
on Form 10-K for the year ended December 31, 2013, Item 1A of Part
II of our Quarterly Reports on Form 10-Q filed in 2014, and
subsequent reports and registration statements filed from time to
time with the Securities and Exchange Commission.
Radian Group Inc.Emily Riley,
215-231-1035emily.riley@radian.biz
Radian (NYSE:RDN)
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