Summary by Moomoo AI
On May 2, 2024, MBIA Inc. announced the appointment of Shengying Yu as the new Controller and principal accounting officer, a role essential for the company's filings with the Securities and Exchange Commission. Ms. Yu, who has been with MBIA since October 2009 and served as Head of Accounting since June 2017, brings extensive experience to the position, including a previous tenure as a Senior Manager at Deloitte & Touche, LLP. This appointment coincides with Joseph Schachinger taking over as Chief Financial Officer on April 30, 2024, succeeding Anthony McKiernan. MBIA confirmed that Ms. Yu has no familial ties with any company directors or executive officers and is not involved in any transactions that would require disclosure under SEC regulations.