MBIA director resigns to take consulting post
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- March
- 12
A member of the board at MBIA Inc. is stepping down to take a position as a consultant to help the bond insurer’s senior management assess future risk, the company said today.
Debra Perry, who has served as a director of the company since 2004, was asked by the company to take the position, which will help the board’s credit-risk committee and Chairman and Chief Executive Joseph W. Brown “to refine and implement MBIA’s risk strategy for the global credit markets” as part of its 5-year restructuring plan, MBIA said.
The Armonk-based company has been hard hit by the subprime mortgage crisis.
Perry’s resignation from the board is effective today, MBIA said.
It isn’t known how much Perry will be paid in her new position. An MBIA spokesman didn’t immediately respond to a request for additional information.
As MBIA director, Perry earned nearly $156,000 in 2006.
Prior to joining MBIA, Perry worked for 12 years at bond-rating agency Moody’s Corp., serving as chief administrative officer and chief credit officer with responsibility over several rating groups.
This entry was posted
on Wednesday, March 12th, 2008 at 12:17 pm by David Schepp.
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