First American Financial Names New CEO, Chairman
Summary
First American Financial Corp., a provider of title insurance, settlement services, and risk solutions for real estate transactions, has announced that Kenneth D. DeGiorgio, who most recently served as the company’s president, has been appointed chief executive officer, while Dennis J. Gilmore, First American’s CEO since 2010, will become chairman of its board of directors. “Over his 23 years of service to First American’s employees, customers, and shareholders, Ken has acquired an in-depth understanding of our business and consistently demonstrated that he has the vision, strategic insight, commitment and skill to lead our company,” Gilmore said. “The culture of excellence and inclusivity that Dennis has fostered among our employees during his tenure has led to best-in-class service for our customers and has produced record returns for our shareholders. Long before it became common to tout a ‘digital strategy,’ Dennis had us aggressively investing in the core data assets that now fuel the title insurance and settlement services industry.” Gilmore joined First American in 1993. With total revenue of $7.1 billion in 2020, the company offers its products and services directly and through its agents throughout the United States and abroad.