MGIC Investment Corp. CEO to retire

Special to The Freeman

July 24, 2014

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.

www.mgic.com