Ambac Financial Group Inc. (ABK) Appoints New Member of Board with 30 Years Experience in Business/Finance
Ambac Financial Group Inc. (NYSE: ABK) is a holding company engaged in providing financial services in public and private sectors around the world. The company today announced Paul DeRosa, of hedge-fund management firm Mt. Lucas Management Corp., will join Ambac’s board of directors July 7, 2008. DeRosa is the seventh member of the board, and Ambac president and CEO Michael Callen said he believes DeRosa will prove beneficial to the company and its future endeavors. “The addition of Mr. DeRosa to our board further enhances its depth and expertise. His skills will be particularly valuable to Ambac at this time.…