David M. Moffett Nominated to MBIA's Board of Directors.ARMONK, N.Y. -- MBIA MBIA Montana Building Industry Association MBIA Municipal Bond Insurance Association MBIA Michigan Boating Industries Association MBIA Municipal Bond Investors Assurance MBIA Massachusetts Brain Injury Association MBIA Maryland Business Incubation Association Inc. (NYSE NYSE See: New York Stock Exchange : MBI) announced today that its Board of Directors has nominated David M. Moffett (54) to stand for election as a Director. He will stand for election at MBIA's Annual Shareholders' Meeting, to be held Thursday, May 3, 2007. Mr. Moffett has had a long and distinguished career in treasury, risk management and financial analysis in the banking industry. He was formerly Vice Chairman and Chief Financial Officer of U.S. Bancorp and its predecessor company Firstar Corporation, and served as Chief Financial Officer of Star Banc Corporation. Mr. Moffett is a Director of Building Materials Holding Corporation Building Materials Holding Corporation (NYSE: BLG) located in San Francisco, California is a holding company engaged, through its wholly owned subsidiaries, BMC West and SelectBuild Construction in the distribution and usage of building materials, selling primarily to , a NYSE-listed company. MBIA Board member and Nominating/Corporate Governance Committee Chair Claire Gaudiani said, "With over three decades of executive experience in the banking industry, David is a widely respected business leader with a solid record of achievement. He brings extensive financial expertise to our Board, and we are confident that David's character and intelligence will provide value to our leadership team and to our shareholders." Mr. Moffett received a B.A. from the University of Oklahoma University of Oklahoma, abbreviated OU, is a coeducational public research university located in the U.S. state of Oklahoma. Founded in 1890, it existed in Oklahoma Territory near Indian Territory 17 years before the two became the state of Oklahoma. in 1974, and an MBA from Southern Methodist University Southern Methodist University, at Dallas, Tex.; United Methodist; coeducational; chartered 1911. The school's facilities include laboratories for electron microscopy and stable isotopes, a museum of paleontology, and a graduate research center. the following year. MBIA Inc., through its subsidiaries, is a leading financial guarantor and provider of specialized financial services. MBIA's innovative and cost-effective products and services meet the credit enhancement, financial and investment needs of its public and private sector clients, domestically and internationally. MBIA Inc.'s principal operating subsidiary, MBIA Insurance Corporation, has a financial strength rating of Triple-A from Moody's Investors Service Moody's Investors Service A leading global credit rating, research and risk analysis firm. Moody's Investors Service A leading firm engaged in credit rating, risk analysis, and research of fixed-income securities and their issuers. , Standard & Poor's Ratings Services, Fitch Ratings, and Rating and Investment Information, Inc. Please visit MBIA's Web site at http://www.mbia.com. |
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