MILWAUKEE — MGIC
Investment Corp. CEO and executive chairman Curt Culver
will retire in 2015, according to a company statement.
Culver, who has led the Milwaukee-based mortgage insurer for
almost 14 years, will stay on as a non-executive chairman to
assist with the new CEO Patrick Sinks’ transition, the
statement said. His retirement becomes effective March 1, 2015.
"I have been very fortunate to have had a long and successful
career with a wonderful company and to have worked with so many
talented people. Pat has been a very important contributor to
our company's success since he joined us 36 years ago," Culver
said. "We have a tradition of internally developing our CEOs and
I am proud that we have someone of Pat's caliber and expertise
to lead us.”
According to the statement, Sinks has spent all but one week of
his professional life with MGIC.