Milwaukee-based MGIC Investment Corp. has announced that J. Michael Lauer, who has been the company's chief financial officer since 1989, will retire on Feb. 28, 2014.
Timothy Mattke, the company's controller since 2009, will become CFO upon Lauer's retirement. For one year after his retirement, Mr. Lauer will remain available to provide advisory services to the company.
"Mike has had a long and distinguished career at MGIC during which he and MGIC endured the ups and downs of our industry," said Curt Culver, MGIC's chairman and chief executive officer. "All of us will miss his leadership and camaraderie even as we benefit from the strong successor that Mike has developed in Tim."
Mattke, age 37, has been with the company for over seven years. Prior to his becoming controller, he was assistant controller of MGIC and prior to that was a manager in MGIC's accounting department. Before joining MGIC, Mattke was an audit manager and an auditor with PricewaterhouseCoopers LLP, the Company's independent accountants.