Executive's expertise in business operations to enhance MGIC's strategic direction
MGIC Investment Corporation (MTG) has announced the appointment of Michael Thompson to its board of directors, as well as to the board of its subsidiary Mortgage Guaranty Insurance Corporation (MGIC).
MTG chairman Curt Culver expressed enthusiasm about Thompson’s election to the board. “His business acumen, entrepreneurship, and leadership coupled with in-depth operations knowledge and experience make him a natural fit, and we look forward to his contributions,” Culver said in the group’s press release.
As part of the move, Thompson will join the risk management committee of each board. Thompson has been CEO of Fair Oaks Foods, a producer of meats and alternative protein products, since 2003. His career prior to that included various senior roles at McDonald’s Corporation, focusing on operations and supply chain management.
Beyond his corporate responsibilities, Thompson has been actively involved in various other organizations, including on the board of Hinsdale Bank and Trust, the board of trustees at Cornell University, the Ronald McDonald House Global board of directors, and the Kenosha Area Business Alliance.
Earlier this year, MGIC made two leadership changes, promoting Jay Hughes to special advisor to CEO Tim Mattke. Danny Garcia-Velez, group vice president of regional sales and marketing, assumed Hughes’ previous role of Danny Garcia-Velez, group vice president of regional sales and marketing.
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