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.