Management ChangeMay 21, 2026, 05:32 PM
Radian Group Names Michael Weinbach CEO-Elect; Richard Thornberry to Retire
AI Summary
Radian Group Inc. announced the appointment of Michael Weinbach as CEO-Elect, effective June 1, 2026, and subsequently as Chief Executive Officer and a member of the Board, effective August 13, 2026. Mr. Weinbach will succeed Richard G. Thornberry, who will retire as CEO and resign from the Board on August 12, 2026, but will remain as Strategic Advisor until December 31, 2026. Mr. Weinbach brings extensive experience from roles at Mr. Cooper Inc., Wells Fargo & Company, and JPMorgan Chase. His compensation includes a $1,000,000 annual base salary and significant incentive awards.
Key Highlights
- Michael Weinbach appointed CEO-Elect effective June 1, 2026.
- Weinbach to become Chief Executive Officer and Board member effective August 13, 2026.
- Richard G. Thornberry to retire as CEO and resign from Board effective August 12, 2026.
- Thornberry will remain employed as Strategic Advisor through December 31, 2026.
- Mr. Weinbach's annual base salary set at $1,000,000.
- Mr. Weinbach's 2026 STI target prorated to $1,166,666.
- Mr. Weinbach to receive a 2026 LTI award of $6,000,000 in performance-based RSUs.
Price Impact
More from RDN