MGIC Announces Officer Promotions in IT Organization and Finance

Rhea-AI Summary

Mortgage Guaranty Insurance Corporation (MGIC), a subsidiary of MGIC Investment Corporation (NYSE: MTG), has announced the promotions of Gary J. Johnson to Vice President – Data Science and Jennifer A. Westphal to Vice President – Chief Information Security Officer. Johnson, who has been with MGIC since 2006, has advanced through several roles in Risk and Finance, while Westphal has been with the company in various Information Security roles since 2012. Both promotions are expected to strengthen MGIC's data-driven capabilities and innovations.

Positive

• Gary J. Johnson's promotion reflects his significant contributions to MGIC's data science initiatives.
• Jennifer A. Westphal's advancement supports ongoing innovations in information security.

Negative

• None.

MILWAUKEE, Jan. 27, 2021 /PRNewswire/ -- Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation (NYSE: MTG), today announced the promotion of Gary J. Johnson to Vice President – Data Science, and Jennifer A. Westphal to Vice President – Chief Information Security Officer.

Mr. Johnson joined MGIC in 2006, serving as a Risk Analyst until 2011. After some time at IBM (Seterus Inc.) in Portland, Ore., and at Two Harbors Investment Corporation in Minneapolis, Minn., both as a Quantitative Analyst, Mr. Johnson returned to MGIC in 2016 in the role of Risk Financial Engineer. Since then, he has taken on roles of increasing responsibility in the Risk and Finance Departments, currently serving as Senior Director, MiLo Labs, where he oversees data science and analytics delivery. Mr. Johnson holds a Bachelor's of Science degree in Business Administration from North Dakota State University.

"Over the past year and more, Gary has played a key role in laying the groundwork for MGIC to compete as a best-in-class data-driven company," said Nathan Colson, Executive Vice President, Chief Financial Officer. "I am excited to work with him in his new role and congratulate him on his promotion."

Since 2012, Ms. Westphal has served MGIC in various roles within Information Security, beginning as Information Security Analyst Sr., through her current role as Director, Assistant Chief Information Security Officer. Prior to her time at MGIC, Ms. Westphal built a career in data security and technical support through roles of increasing responsibility at Roundys, Inc. in Milwaukee.

"Jennifer's promotion confirms the impactful contributions she has made at MGIC," said Senior Vice President, Chief Information Officer, Robert Candelmo. "We trust Jennifer to help us carry forward the innovations and strategies we have put in place to transform our customers' experience. I congratulate her on this well-earned promotion."

About MGIC (NYSE:MTG)

About MGIC
Mortgage Guaranty Insurance Corporation "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 through the use of private mortgage insurance.

From time to time MGIC Investment Corporation releases important information via postings on its corporate website, and via postings on MGIC's website for information related to underwriting and pricing and intends to continue to do so in the future. Such postings include corrections of previous disclosures and may be made without any other disclosure. 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 for MGIC Investment Corporation alerts can be found at https://mtg.mgic.com/shareholder-services/email-alerts. For information about our underwriting and rates, see https://www.mgic.com/underwriting.

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SOURCE MGIC Investment Corporation

FAQ

What recent promotions were announced by MGIC on January 27, 2021?

MGIC announced the promotions of Gary J. Johnson to Vice President – Data Science and Jennifer A. Westphal to Vice President – Chief Information Security Officer.

Who is Gary J. Johnson and what is his role at MGIC?

Gary J. Johnson is the newly promoted Vice President – Data Science at MGIC, having joined the company in 2006 and holding various roles in Risk and Finance.

What is Jennifer A. Westphal's background within MGIC?

Jennifer A. Westphal has been with MGIC since 2012, serving in various Information Security roles before her promotion to Vice President – Chief Information Security Officer.

How will the promotions of Johnson and Westphal impact MGIC?

Their promotions are expected to enhance MGIC's data-driven capabilities and strengthen innovations in information security.