Ambac Appoints Nader Tavakoli President & CEO - Quick Facts

(RTTNews) - Ambac Financial Group, Inc. (AMBC) announced its Board has appointed Nader Tavakoli as President and Chief Executive Officer. Tavakoli also remains a Director of Ambac and has become non-executive Chairman of Ambac Assurance. Tavakoli had been serving as Interim President and CEO of Ambac and Executive Chairman of Ambac Assurance since January 2015.

David Trick remains interim President and CEO of Ambac Assurance and Chief Financial Officer and Treasurer of Ambac and Ambac Assurance. The Ambac Assurance Board continues to actively consider options for the appointment of a permanent President and CEO.