Triad's Kessinger Named Ass't to Prez

Ron Kessinger, senior executive vice president and chief operating officer of Triad Guaranty Inc., Winston-Salem, N.C., has been named senior EVP and assistant to the mortgage insurer's president and chief executive officer, Mark Tonnesen.Triad said Mr. Kessinger "will reduce his day-to-day involvement with the company but continue to work on strategic matters" during a transition period of unspecified duration, adding that he plans to retire following the transition period. The appointment is effective Jan. 16. The company said it does not plan to fill the COO position. "Mr. Tonnesen will assume direct responsibility for the operations of the company and its subsidiaries, including Triad Guaranty Insurance Corp.," Triad said. The company can be found online at http://www.triadguaranty.com.