Debra Hess, former CFO of NorthStar Asset Management Group and NorthStar Realty Finance Corp., and David H. Stevens, former president and CEO of the Mortgage Bankers Association (MBA), have joined Radian’s Board of Directors.
"Radian is pleased to have Debra and Dave join our Board of Directors," said Radian’s Chairman Herb Wender. "Their leadership, strategic insight and depth of experience in the mortgage and real estate industries and government affairs will help strengthen Radian’s position as a market-leading residential mortgage and real estate services enterprise. The addition of two highly qualified directors with skills that complement our strategic focus reinforces our commitment to strong corporate governance and enhancing stockholder value." Hess and Stevens were nominated for election to the board following a comprehensive search process conducted by the board's Governance Committee.
"Radian has a strong, independent Board of Directors composed of proven leaders in mortgage banking, real estate, government, business operations, and capital and secondary markets,” said Radian’s Chief Executive Officer Rick Thornberry. “The addition of Debra and Dave will further strengthen our Board and provide us with valuable insight and guidance to execute our strategic plan for strong growth, value creation and stockholder returns.”
In addition, Radian announced that Stephen T. Hopkins, a director of Radian since 1999, intends to retire from the Board following completion of his current term at the Company’s 2019 Annual Meeting of Stockholders. He has served as the Chairman of Radian’s Compensation and Human Resources Committee since 2002, and also currently serves as a member of the Board’s Governance Committee and Finance and Investment Committee.
“Radian has been extremely fortunate to have benefited from the service of Steve for two decades,” said Wender. “His experience, leadership and knowledge of the mortgage insurance industry has been invaluable, and on behalf of the company I wish him well in his retirement.”