MGIC Announces Promotions in IT Organization, Business Automation and Finance

MILWAUKEE, Jan. 23, 2019 /PRNewswire/ -- Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation (NYSE: MTG), today announced the promotion of Robert J. Candelmo to Senior Vice President -- Chief Information Officer, Sean R. Valcamp to Vice President – Chief Technology Officer, Nathan Colson to Vice President – Finance, and Tara E. Radmann to Vice President – Business Automation.

Mr. Candelmo joined MGIC in 2014 as Vice President – Chief Technology Officer, overseeing MGIC's technology vision and strategy as well as leading the execution for infrastructure platforms, data and architecture practice. Mr. Candelmo has more than 20 years of experience leading IT organizations and holds a Bachelor's of Science degree in Computer Science from Kean College of New Jersey.

Mr. Valcamp came to MGIC in 2018 as Vice President – Chief Information Security Officer. Prior to joining the Company, Mr. Valcamp enjoyed a successful career in the IT department at Avnet, Inc. of Phoenix, Ariz. He has a combined 28 years of experience in the technology industry and holds a Bachelor's of Science degree in Computer Information Systems from the University of Phoenix.

Since 2014, Mr. Colson has served MGIC as Risk Analyst Senior, Risk Management Director and Assistant Treasurer. He holds a Bachelor's of Science degree in Accounting from Marquette University and is currently enrolled in an MBA program at the University of Chicago Booth School of Business.

Ms. Radmann has been with MGIC since 2005 in roles of increasing responsibility in the IT and Marketing organizations. She holds a Bachelor of Arts degree in Communication from George Mason University, a Master's of Science degree in Project Management from George Washington University, and an MBA from the University of Wisconsin-Milwaukee.

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The promotions of Mr. Candelmo and Mr. Valcamp are effective in March 2019, with the retirement of Gregory Chi, SVP -- Chief Information Officer. Ms. Radmann will lead our business automation efforts following the March 2019 retirement of Jerry Murphy, Vice President – Business Process Transformation.

"These promotions confirm the impactful contributions of these colleagues to our organization," said President and CEO Patrick Sinks. "As we continue to position MGIC for success, we rely on professionals with natural leadership qualities to carry forward the innovations and strategies we have put in place to best serve our customers. I congratulate Bob, Sean, Nathan, and Tara on their well-earned promotions."

About MGIC (NYSE:MTG)

MGIC (www.mgic.com), the principal subsidiary of MGIC Investment Corporation (NYSE: MTG), 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 December 31, 2018, MGIC had $209.7 billion of 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, including corrections of previous disclosures, 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 Mortgage Guaranty Insurance Corporation