JACKSONVILLE, Fla.,
Oct. 20 /PRNewswire-FirstCall/ --
Fidelity National Financial, Inc. (NYSE: FNF), a leading provider
of title insurance, mortgage services, specialty insurance and
information services, today announced that Chief Executive Officer
Alan L. Stinson has stepped down
from that role, but will remain with the company as an Executive
Vice President. Additionally, Chief Operating Officer
George P. Scanlon has been named the
company's new Chief Executive Officer.
"Al has been a vital member of our senior management team for a
number of years," said Chairman William P.
Foley, II. "He has decided that he would like to
continue to serve as a senior executive officer, but in a less
rigorous capacity than his role as CEO. We are excited to be
able to turn to someone with the talent of George Scanlon to lead our company as our new
CEO. He has already made a significant impact on FNF in the
short time he has been COO and we expect his impact to broaden with
his newly expanded leadership role. George, Al and I all look
forward to continuing to work together to create significant value
for our shareholders."
Stinson will remain with the company as an Executive Vice
President, reporting to Chairman Bill
Foley. He will focus on oversight and board membership
for FNF's portfolio companies, with an emphasis on accounting and
finance activities, FNF investor relations and aiding in mergers
and acquisitions activities.
Fidelity National Financial, Inc. (NYSE: FNF), is a leading
provider of title insurance, mortgage services, specialty insurance
and information services. FNF is the nation's largest title
insurance company through its title insurance underwriters -
Fidelity National Title, Chicago Title, Commonwealth Land Title and
Alamo Title - that collectively issue more title insurance policies
than any other title company in the
United States. FNF also provides flood insurance,
personal lines insurance and home warranty insurance through its
specialty insurance business and is a leading provider of global
human resources, payroll, benefits and payment solutions through a
minority-owned subsidiary, Ceridian Corporation. More
information about FNF can be found at www.fnf.com.
This press release contains forward-looking statements that
involve a number of risks and uncertainties. Statements that are
not historical facts, including statements about our beliefs and
expectations, are forward-looking statements. Forward-looking
statements are based on management's beliefs, as well as
assumptions made by, and information currently available to,
management. Because such statements are based on expectations as to
future economic performance and are not statements of fact, actual
results may differ materially from those projected. We undertake no
obligation to update any forward-looking statements, whether as a
result of new information, future events or otherwise. The
risks and uncertainties which forward-looking statements are
subject to include, but are not limited to: changes in general
economic, business and political conditions, including changes in
the financial markets; adverse changes in the level of real estate
activity, which may be caused by, among other things, high or
increasing interest rates, a limited supply of mortgage funding or
a weak U. S. economy; our potential inability to find suitable
acquisition candidates, acquisitions in lines of business that will
not necessarily be limited to our traditional areas of focus, or
difficulties in integrating acquisitions; our dependence on
operating subsidiaries as a source of cash flow; significant
competition that our operating subsidiaries face; compliance with
extensive government regulation of our operating subsidiaries; and
other risks detailed in the "Statement Regarding Forward-Looking
Information," "Risk Factors" and other sections of the Company's
Form 10-K and other filings with the Securities and Exchange
Commission.
SOURCE Fidelity National Financial, Inc.
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