MGIC Promotes 3 Officers and Hires a Chief Technology Officer

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Oct 27, 2014, 04:30 ET

MILWAUKEE, Oct. 27, 2014 /PRNewswire/ -- Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation (NYSE: MTG), is promoting Jay Hughes to Senior Vice President – Sales and Business Development, Sal Miosi to Senior Vice President – Business Strategies and Field Operations, and Margaret Crowley to Vice President – Marketing and Customer Experience. The promotions will be effective on March 2, 2015. MGIC has also hired Bob Candelmo to serve as the company's Chief Technology Officer.

Mr. Hughes previously held the position of Vice President Managing Director – Pacific Region. He has been a member of MGIC's sales team since 1987 having started with the company as Account Manger in the Mid-Atlantic Region and holding successive positions of increasing responsibility. In his new role, Mr. Hughes will lead MGIC's Sales Regions, National Accounts and Lender Insights Sales.

Mr. Miosi previously served as MGIC's Vice President of Marketing. He has been with the company since 1988 and has held a variety of leadership positions in the technology, sales and marketing divisions. In his new role, Mr. Miosi will be in charge of Marketing Field Support, Marketing Product Development, Strategic Planning, Underwriting, and Lender Insights Operations.

Ms. Crowley previously held the position of Marketing Program Director. She started with MGIC in 1988 and has held roles primarily in the technology and marketing divisions. Ms. Crowley will now lead the Marketing and Customer Experience teams.

As Chief Technology Officer, Mr. Candelmo will oversee MGIC's technology vision and strategy as well as lead the execution for Infrastructure platforms, Data, and Architecture practice. Prior to joining MGIC, Mr. Candelmo served as the Senior Vice President of Enterprise Information Services for SunTrust where he was responsible for establishing a new Information Management Strategy, as well as overseeing technology delivery for data and analytic platforms.

About MGIC
MGIC (www.mgic.com), the principal subsidiary of MGIC Investment Corporation, serves lenders throughout the United States, Puerto Rico, and other locations helping families achieve homeownership sooner by making affordable low-down-payment mortgages a reality. At September 30, 2014 MGIC had $162.4 billion primary insurance in force covering approximately one million mortgages.

From time to time MGIC Investment Corporation releases important information via postings on its corporate website without making any other disclosure and intends to continue to do so in the future. Investors and other interested parties are encouraged to enroll to receive automatic email alerts and Really Simple Syndication (RSS) feeds regarding new postings. Enrollment information can be found at http://mtg.mgic.com under Investor Information.

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SOURCE MGIC Investment Corporation