Perry Leaves MBIA Board to Consult

MBIA has asked Debra Perry to consult on a project to assist both the board’s credit risk committee of the board of directors and chairman and CEO Jay Brown to refine and implement MBIA’s risk strategy for the global credit markets going forward. Perry will step down from her board position immediately.

“Debra has made enormous contributions to our Board,” Brown said. “She has served on the audit, credit risk, and finance committees of the board since joining us in 2004. Given the challenge we face in retooling our risk management parameters and processes, and Debra’s extensive experience in credit markets, I couldn’t ask for a more qualified person.”

Perry serves on the boards of Conseco and Korn/ Ferry International. Prior to joining the board of MBIA, she was chief credit officer at Moody's Corporation from 1992 to 2004.