ARMONK, N.Y.--(BUSINESS WIRE)--
MBIA Inc. (NYSE: MBI) today announced that John A. Rolls has resigned
from MBIA's Board of Directors. Mr. Rolls was elected to MBIA's Board of
Directors in 1995 and served as Chairman of its Finance Committee and as
a member of its Audit Committee and Compensation and Organization
Committee. Mr. Rolls previously served as Chairman of the Audit
Committee.
"John has been a valued member of MBIA's Board for 14 years and has
provided important insight and perspective," said Dan Kearney, MBIA
Chairman. "We thank him for his many contributions and wish him
continued success in the future."
Forward-Looking Statements
This release contains statements about future results that may
constitute "forward-looking statements" within the meaning of the safe
harbor provisions of the Private Securities Litigation Reform Act of
1995. Readers are cautioned that these statements are not guarantees of
future performance. There are a variety of factors, many of which are
beyond MBIA's control, which affect the operations, performance,
business strategy and results and could cause its actual results to
differ materially from the expectations and objectives expressed in any
forward-looking statements. Accordingly, readers are cautioned not to
place undue reliance on forward-looking statements which speak only as
of the date they are made. MBIA does not undertake to update
forward-looking statements to reflect the impact of circumstances or
events that arise after the date the forward-looking statements are
made. The reader should, however, consult any further disclosures MBIA
may make in its future filings of its reports on Form 10-K, Form 10-Q
and Form 8-K.
MBIA Inc., headquartered in Armonk, New York is a holding company whose
subsidiaries provide financial guarantee insurance, fixed-income asset
management, and other specialized financial services. The Company
services its clients around the globe, with offices in New York, Denver,
San Francisco, Paris, London, Madrid, Mexico City, Sydney and Tokyo.
Please visit MBIA's Web site at www.mbia.com.
Source: MBIA Inc.
Contact: MBIA, Media:
Kevin Brown, 914-765-3648
or
MBIA, Media:
Elizabeth James, 914-765-3889
or
MBIA, Investor Relations:
Greg Diamond,914-765-3190