Radian accelerates President MI retirement to April 21, 2025; CFO Pandit to assume role

RADIAN GROUP INC

Derek V. Brummer's retirement as President, Mortgage Insurance accelerated from July 3 to April 21, 2025.
Brummer will remain with Radian through July 3, 2025 to assist with transition.
Sumita Pandit (current CFO) becomes President and CFO, overseeing mortgage insurance from April 21.
Acceleration driven by transition progress, not due to any disagreement with the company.

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Sumita Pandit

President and Chief Financial Officer

RDN · RADIAN GROUP INC

Effective: 2025-04-21
Filed: April 3, 2025, 7:59 PM ET

Sumita Pandit, currently serving as Senior Executive Vice President, Chief Financial Officer of the Company, will become President and Chief Financial Officer of the Company upon Mr. Brummer’s retirement from his current role

Departed

Derek V. Brummer

President, Mortgage Insurance

RDN · RADIAN GROUP INC

Effective: 2025-04-21
Successor: Sumita Pandit
Filed: April 3, 2025, 7:59 PM ET

On March 28, 2025, the Company and Mr. Brummer agreed to accelerate the date of Mr. Brummer’s retirement from his current role to April 21, 2025.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Sumita Pandit was appointed as President and Chief Financial Officer at RADIAN GROUP INC.

Action: appointed
Role: President and Chief Financial Officer

Exact text from the filing

Sumita Pandit, currently serving as Senior Executive Vice President, Chief Financial Officer of the Company, will become President and Chief Financial Officer of the Company upon Mr. Brummer’s retirement from his current role

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Derek V. Brummer departed as President, Mortgage Insurance at RADIAN GROUP INC.

Action: retirement
Role: President, Mortgage Insurance

Exact text from the filing

On March 28, 2025, the Company and Mr. Brummer agreed to accelerate the date of Mr. Brummer’s retirement from his current role to April 21, 2025.

View on SEC.gov

RADIAN GROUP INC filing history →

Source: SEC EDGAR

accession 0001193125-25-072404

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