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Radian CEO S.A. Ibrahim to Retire in December 2017

PHILADELPHIA, May 17, 2016 (BUSINESS WIRE) -- Radian Group Inc. today announced that Chief Executive Officer S.A. Ibrahim, 64, informed the company’s Board of Directors of his intention to retire at the end of his contract in December 2017. In keeping with Radian’s succession planning process, the Board has appointed a special committee to commence a search for his successor. The committee has employed the assistance of Spencer Stuart, a leading executive recruitment firm, and will take into consideration internal as well as external candidates.

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Ibrahim has served as CEO of Radian since May 2005. Within four years of joining Radian as CEO, Ibrahim was tasked with navigating the company through unprecedented instability in the U.S. housing markets, emerging competitive forces and increasingly austere regulatory regimes. Under Ibrahim’s prudent leadership and...