First American Financial Corporation Names Mark E. Seaton As Chief Financial
SANTA ANA, Calif., March 28, 2013
SANTA ANA, Calif., March 28, 2013 /PRNewswire/ --First American Financial
Corporation (NYSE: FAF), a leading global provider of title insurance and
settlement services for real estate transactions, announced today that Mark E.
Seaton has been named chief financial officer.
Seaton, who began his career with First American in 2006 and until his
appointment served as senior vice president of finance, will replace current
Executive Vice President and Chief Financial Officer Max O. Valdes, who is
retiring after 25 years with the company. Valdes will remain with the company
until March 2014 to assist with the transition.
During his tenure with First American, Seaton's roles have included management
of the company's financial planning, treasury, investments and investor
relations activities. In addition, he has been a driving influence on the
company's strategic planning and margin improvement initiatives.
"Mark's proven financial management and strategic planning skills make him an
ideal choice to fill the chief financial officer role," said Dennis Gilmore,
chief executive officer of First American Financial Corporation. "These
skills, together with the depth of his knowledge about our company and our
industry, have earned him the confidence of our employees, our board of
directors and our investors."
Prior to joining First American, Seaton worked in private equity and in the
investment banking industry. He holds a bachelor's degree in economics from
Stanford University and a Master of Business Administration degree from The
Tuck School of Business at Dartmouth College.
Valdes joined First American in 1988 and filled a variety of financial
management roles prior to being named CFO of First American Financial
Corporation in 2010. "Max's contribution to our company over the last 25 years
will have a lasting impact," Gilmore noted. "As we streamlined our business
and positioned it for growth over the last several years, his counsel and
leadership proved invaluable."
About First American
First American Financial Corporation (NYSE: FAF) is a leading provider of
title insurance and settlement services to the real estate and mortgage
industries, that traces its heritage back to 1889. First American also
provides title plant management services; title and other real property
records and images; valuation products and services; home warranty products;
property and casualty insurance; and banking, trust, and investment advisory
services. With revenues of approximately $4.5 billion in 2012, the company
offers its products and services directly and through its agents throughout
the United States and abroad. More information about the company can be found
Media Contact: Investor Contact:
Carrie Loranger Craig Barberio
Corporate Communications Investor Relations
First American Financial Corporation First American Financial Corporation
(714) 250-3298 (714) 250-5214
SOURCE First American Financial Corporation
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