MGIC chief stepping down

MGIC Investment (NYSE:MTG) CEO Curt Culver (age 62) will retire, effective March 1, 2015, and become non-executive chairman. He will be replaced by current COO Patrick Sinks, who has also been appointed to the board.

Culver joined MGIC in 1982 and has been CEO since 2000 and Chairman since 2005.

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