MBIA Inc. reported that its Board of Directors has elected William C. Fallon to the position of Chief Executive Officer, effective September 15, 2017, bringing to conclusion MBIA Inc.’s long term succession plan, which has been implemented over the past two years. The company's CEO Jay Brown has stepped down as CEO effective September 15, 2017. He plans to conclude his service on the MBIA Inc. Board of Directors as of the 2018 Annual Shareholder meeting in May of 2018.