Traffic jam:   0

Ambac Announces a Board Change

1 March 2023
1 min.
Ambac Announces a Board Change

Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company, today announces that C. James Prieur, a member of the Board of Directors, has made the decision to resign from the Board for personal reasons, effective February 22, 2023.

"On behalf of the Board, the Ambac management team and our shareholders, I would like to thank Jim for his service on our Board of Directors," said Jeffrey S. Stein, Chairman of the Board of Ambac. “Since joining the Board in 2016, Jim has provided valuable counsel and guidance through the completion of AAC’s segregated account rehabilitation, legacy litigations, and a global pandemic, among other challenges. We wish him well in his future endeavors.”

Mr. Prieur stated, “Given the company’s significant successes in 2022 underscored by the settlement of its largest legacy litigations and Puerto Rico exit, as well as the successful expansion of the specialty P&C business, I felt it was the right time for me to step down from the Board. I want to wish the Board and management all the very best as the company continues its successful transition into the specialty P&C business.”

Persons1 in the news

Chairman of the Board of Ambac
1 place


GlobalNY.biz Press Releases are the latest news from New York companies.
Official press releases of New York companies are regularly published on the resource. You can find out the latest news of enterprises in the corresponding section on the main page. Placing press releases is a traditional and effective way to promote your business. It allows organizations to announce themselves and their products and services to the widest possible audience. In this case, the informational occasion can be anything: attracting people to an event or conference, highlighting new products or personnel appointments. If you set a goal to draw attention to your information, then GlobalNY.biz will become your reliable assistant in this matter. Thanks to the portal, your press release will be seen by reviewers of leading Internet publications, clients and partners.
GlobalNY.biz allows representatives of companies and organizations in New York to independently post a press release when registering on the resource. The most important feature of GlobalNY.biz is that all publications of New York companies fall into the archives and will be available from the search for a long time. You just need to add the press release to the news feed.
GlobalNY.biz offers its customers a subscription service that allows companies to regularly publish press releases on favorable terms. In addition, the business portal makes it possible to more fully tell about the life of the company by adding photos and videos, personas and employee quotes. All information materials have active links and will lead potential customers to your resource.
Alena Potapova

Development Director
Died this year
Born this year