Triad Guaranty Inc. has retained Heidrick & Struggles to conduct a search for someone to fill the newly created position of chief operating officer.The COO will be responsible for the operations of the company and its subsidiaries, including Triad Guaranty Insurance Corp. The new executive will also ultimately take on some of the current duties of chief financial officer Ron Kessinger, Triad said. Mr. Kessinger has announced his retirement from Triad effective March 31, 2005, after which he will become a consultant to the company. Mr. Kessinger said he wanted to reduce his day-to-day involvement with Triad to spend more time with his family and to pursue personal and charitable interests. The search for a new COO is expected to take six months.
