TITLE

Ambac CEO Lassiter to Retire Next Year; Genader Tapped

AUTHOR(S)
Smith, Aaron T.
PUB. DATE
May 2003
SOURCE
Bond Buyer;5/13/2003, Vol. 344 Issue 31634, p29
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Ambac Financial Group Inc. chief operating officer Robert J. Genader will replace chief executive officer Phillip B. Lassiter in the number one position early in 2004, the firm announced. After serving as CEO for nearly 13 years, Lassiter said he will retire, though he will continue to chair the board and to advise the incoming executive on new markets and business opportunities.Genader at one time or another had responsibility for every function of the company. Ambac, New York-based parent company of bond insurer Ambac Assurance Corp., is triple-A rated by Moody's Investors Service Inc., Standard& Poor's Corp., and Fitch Ratings Inc.
ACCESSION #
9893078

 

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