CHANTILLY, Va.--(BUSINESS WIRE)--Inspired founder and CEO of Professional Warranty Service Corporation (“PWSC”), Michael Burns sadly passed away at the age of 63.
“PWSC lost our founder, leader, and a great mentor this week,” stated Gale Sommers, newly appointed CEO.
Building upon his many years’ experience as Vice President – Actuarial Services with the former Home Owners Warranty Corporation, Mike Burns formed PWSC, based in Chantilly, Virginia in 1995. Working with valued industry partners, PWSC developed and introduced to America’s finest home builders a unique liability insurance plan that, for the first time, included indemnity protection for new home warranty service costs. That program, along with PWSC’s professionally administered insured home builder warranty plan, continues to benefit new home builders and more than 1.3 million of their home buyers across America. As the company’s CEO since its inception, Mike worked tirelessly to set the benchmark for insured builder warranty plans. His capacity for imaginative and innovative approaches to the customer service needs of PWSC’s builder clients were among Mike’s many talents and will serve as inspiration to his management colleagues for years to come. He built an organization of experienced senior management that allowed him to step away from the day-to-day decisions over the last few years.
“Mike was very forward-thinking and positioned the company for the future,” said Michael Berk, Managing Director at TA Associates, who sits on the Company's board of directors.
“It's a major loss for us, but he leaves behind a strong and vibrant company prepared to meet the needs of its many clients, old and new, as it continues to follow his vision,” Mr. Sommers continued.
Most importantly, Mike leaves behind his devoted wife, Suzanne and son, Chris.
Michael Burns was a brilliant, out-of-the-box thinker and enthusiastic leader who will be deeply missed by family, friends and colleagues.
Professional Warranty Service Corporation (PWSC) headquartered in Chantilly, Virginia, is the leading provider of new home warranty products and administration services to the largest tier of domestic residential construction firms in the U.S.
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