Enact Announces Changes to its Board of Directors
Enact Holdings (Nasdaq: ACT) has announced key changes to its Board of Directors. H. Elizabeth (Liz) Mitchell has been appointed as an Independent Director and Audit Committee member, effective March 11, 2025. Mitchell brings extensive financial and industry experience, currently serving as an independent director at Selective Insurance Group and Principal Financial Group. She previously served as CEO of Renaissance U.S. Inc. until 2016.
Additionally, Anne G. Waleski will not seek re-election at the 2025 Annual Shareholder Meeting on May 14, 2025. She will continue serving as Audit Committee Chairperson and member of the Nominating & Corporate Governance Committee until then. The board will temporarily increase from eleven to twelve directors until the shareholder meeting.
Enact Holdings (Nasdaq: ACT) ha annunciato importanti cambiamenti nel suo Consiglio di Amministrazione. H. Elizabeth (Liz) Mitchell è stata nominata Direttore Indipendente e membro del Comitato di Revisione, con effetto dal 11 marzo 2025. Mitchell porta con sé una vasta esperienza finanziaria e nel settore, attualmente ricoprendo il ruolo di direttore indipendente presso Selective Insurance Group e Principal Financial Group. In precedenza, ha ricoperto il ruolo di CEO di Renaissance U.S. Inc. fino al 2016.
Inoltre, Anne G. Waleski non si candiderà per la rielezione durante l'Assemblea Annuale degli Azionisti del 2025, che si terrà il 14 maggio 2025. Continuerà a ricoprire il ruolo di Presidente del Comitato di Revisione e membro del Comitato di Nomina e Governance Aziendale fino ad allora. Il consiglio aumenterà temporaneamente da undici a dodici membri fino all'assemblea degli azionisti.
Enact Holdings (Nasdaq: ACT) ha anunciado cambios clave en su Junta Directiva. H. Elizabeth (Liz) Mitchell ha sido nombrada Directora Independiente y miembro del Comité de Auditoría, con efecto a partir del 11 de marzo de 2025. Mitchell aporta una amplia experiencia financiera y en la industria, sirviendo actualmente como directora independiente en Selective Insurance Group y Principal Financial Group. Anteriormente, fue CEO de Renaissance U.S. Inc. hasta 2016.
Además, Anne G. Waleski no buscará la reelección en la Junta Anual de Accionistas de 2025, que se llevará a cabo el 14 de mayo de 2025. Continuará sirviendo como Presidenta del Comité de Auditoría y miembro del Comité de Nominación y Gobernanza Corporativa hasta entonces. La junta aumentará temporalmente de once a doce directores hasta la reunión de accionistas.
Enact Holdings (Nasdaq: ACT)는 이사회에 대한 주요 변경 사항을 발표했습니다. H. Elizabeth (Liz) Mitchell가 독립 이사 및 감사 위원회 위원으로 2025년 3월 11일부터 임명됩니다. Mitchell은 Selective Insurance Group 및 Principal Financial Group에서 독립 이사로 활동하며 폭넓은 재무 및 산업 경험을 가지고 있습니다. 그녀는 2016년까지 Renaissance U.S. Inc.의 CEO로 재직했습니다.
또한, Anne G. Waleski는 2025년 5월 14일에 열리는 연례 주주 총회에서 재선에 나서지 않을 것입니다. 그녀는 그때까지 감사 위원회 의장 및 추천 및 기업 거버넌스 위원회의 위원으로 계속 활동할 것입니다. 이사회는 주주 총회까지 임시로 11명에서 12명으로 증가할 것입니다.
Enact Holdings (Nasdaq: ACT) a annoncé des changements clés au sein de son Conseil d'Administration. H. Elizabeth (Liz) Mitchell a été nommée Administratrice Indépendante et membre du Comité d'Audit, à compter du 11 mars 2025. Mitchell apporte une vaste expérience financière et sectorielle, exerçant actuellement en tant qu'administratrice indépendante chez Selective Insurance Group et Principal Financial Group. Elle a précédemment été PDG de Renaissance U.S. Inc. jusqu'en 2016.
De plus, Anne G. Waleski ne se représentera pas lors de l'Assemblée Générale Annuelle des Actionnaires de 2025, qui se tiendra le 14 mai 2025. Elle continuera à siéger en tant que Présidente du Comité d'Audit et membre du Comité de Nomination et de Gouvernance jusqu'à cette date. Le conseil d'administration augmentera temporairement de onze à douze membres jusqu'à l'assemblée des actionnaires.
Enact Holdings (Nasdaq: ACT) hat wichtige Änderungen im Vorstand bekannt gegeben. H. Elizabeth (Liz) Mitchell wurde mit Wirkung zum 11. März 2025 als unabhängige Direktorin und Mitglied des Prüfungsausschusses ernannt. Mitchell bringt umfassende finanzielle und branchenspezifische Erfahrungen mit und ist derzeit als unabhängige Direktorin bei Selective Insurance Group und Principal Financial Group tätig. Zuvor war sie bis 2016 CEO von Renaissance U.S. Inc.
Darüber hinaus wird Anne G. Waleski sich bei der Jahreshauptversammlung der Aktionäre 2025 am 14. Mai 2025 nicht zur Wiederwahl stellen. Sie wird bis dahin als Vorsitzende des Prüfungsausschusses und Mitglied des Nominierungs- und Corporate Governance-Ausschusses tätig bleiben. Der Vorstand wird bis zur Hauptversammlung vorübergehend von elf auf zwölf Mitglieder erhöht.
- Appointment of highly qualified director with extensive financial and industry experience
- New director brings additional cybersecurity expertise through CERT certification
- Smooth transition process with clear timeline for board changes
- Loss of experienced board member Anne Waleski who served since 2021
RALEIGH, N.C., March 11, 2025 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) today announced that it has appointed H. Elizabeth (Liz) Mitchell as an Independent Director to serve on Enact’s Board of Directors, effective March 11, 2025. She has also been appointed as a member of the Audit Committee. In addition, the company announced that Anne G. Waleski has made the decision not to stand for re-election at the 2025 Annual Shareholder Meeting on May 14, 2025. As a result of these actions, Enact’s Board will temporarily increase in size from eleven to twelve directors until the company’s 2025 Annual Shareholder Meeting.
Ms. Mitchell brings deep financial, industry and public company experience to the Enact Board. She has served as an independent director of Selective Insurance Group, Inc. since 2018, and as chair of its audit committee since 2021. She has also served as an independent director of Principal Financial Group, Inc. since 2022. Ms. Mitchell previously served as an independent director of StanCorp Financial Group, Inc. from 2017 to 2022, chairperson of the board of Weston Insurance Holdings from 2020 to 2022, and member of the board of advisors of Hudson Structured Capital Management Ltd. from 2018 to 2024. Ms. Mitchell was Chief Executive Officer of Renaissance U.S. Inc., and its predecessor Platinum Underwriters Reinsurance, Inc., from 2007, and the company’s President from 2005, until her retirement in 2016.
Ms. Mitchell is a Fellow of the Casualty Actuarial Society and a Member of the American Academy of Actuaries. She is a National Association of Corporate Directors (NACD) Certified Director and has earned the CERT Certificate in Cybersecurity Oversight from Carnegie Mellon University. Ms. Mitchell holds a B.A. from the College of the Holy Cross, Worcester, MA.
Dom Addesso, Chairperson of the Enact Board commented, “We are thrilled to welcome Liz to our Board of Directors, I look forward to working with her and know that the board will benefit from her deep financial expertise and industry experience. I am confident that her insights will contribute to the growth of our business and create long-term value for our shareholders.”
Ms. Waleski has served as a member of Enact’s Board of Directors since 2021. She will continue to serve as Audit Committee Chairperson and as a member of the Nominating & Corporate Governance Committee until the company’s 2025 Annual Shareholder Meeting. Ms. Waleski’s decision is not the result of any disagreement with Enact on any matter relating to Enact’s operations, policies, or practices.
Mr. Addesso added, “On behalf of the entire Board, I would like to thank Anne for her service and dedication to Enact. We appreciate the contributions and insights she’s provided since joining the Board and wish her the best in her future endeavors.”
About Enact
Enact (Nasdaq: ACT), operating principally through its wholly-owned subsidiary Enact Mortgage Insurance Corporation since 1981, is a leading U.S. private mortgage insurance provider committed to helping more people achieve the dream of homeownership. Building on a deep understanding of lenders' businesses and a legacy of financial strength, we partner with lenders to bring best-in class service, leading underwriting expertise, and extensive risk and capital management to the mortgage process, helping to put more people in homes and keep them there. By empowering customers and their borrowers, Enact seeks to positively impact the lives of those in the communities in which it serves in a sustainable way. Enact is headquartered in Raleigh, North Carolina.
This press release was published by a CLEAR® Verified individual.
Investor Contact Daniel Kohl EnactIR@enactmi.com Media Contact Sarah Wentz Sarah.Wentz@enactmi.com
FAQ
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