Stewart Transaction Solutions names Vaden CEO
HOUSTON (April 5, 2007) – Pat Vaden, a 30-year title industry and title technology veteran, has been elevated to chief executive officer of Stewart Transaction Solutions (STS), a wholly owned subsidiary of Stewart Information Services Corp. (NYSE-STC).
Vaden only last fall became president and CEO of the new Stewart subsidiary, PropertyInfo Corp., which brought together Stewart's real estate information subsidiaries REI Data Inc., First Data Systems, Ultima Corp., Stewart Re-Source and Information Services of Illinois. He will remain in that position.
"Pat brings to the STS organization important customer understanding and business acumen," said Stewart Morris Jr., president and co-CEO, Stewart Information Services Corp. "Technology is an essential tool for our customers to improve customer service and improve productivity, while innovation is essential to long-term success."
"I am pleased to be appointed as the dual-CEO of Stewart Transaction Solutions and PropertyInfo Corp." said Pat Vaden. "At Stewart Transaction Solutions and PropertyInfo we develop technologies to enhance the real estate transaction process for all parties in the real estate transaction. My combined management role will allow our companies to align our infrastructure, development, sales and marketing forces to further enhance our product offerings to real estate professionals and title agents alike."
"Pat has done well in technology leadership," added Morris. "We welcome his direction for STS in addition to his becoming president of PropertyInfo Corporation last year."
Vaden will work closely with Murshid S. Khan, the newly named chief information officer for Stewart Information Services Corp.
In 1974, Vaden co-founded Cumberland Title Co., a title insurance and closing agency, and in 1975 he co-founded First Data Systems. He served as president and CEO of the Nashville-based companies until they were acquired by Stewart in 2002.
First Data Systems, a recent addition to the PropertyInfo Corp. family of companies, is a technology provider specializing in application hosting and software application services for the title industry. First Data’s TitleWorkPlace™ is one of the nation’s largest application service providers (ASPs), serving more than 3,300 settlement service users nationwide.
Vaden received a bachelor of business administration degree from Middle Tennessee State University.
About Stewart Transaction Solutions
Stewart Transaction Solutions is a wholly owned subsidiary of Stewart Information Services Corp. (NYSE-STC), a customer-oriented, technology-driven, strategically competitive, real estate information and transaction management company. Stewart provides title insurance and related information services required for settlement by the real estate and mortgage industries through more than 9,500 policy-issuing offices and agencies in the United States and international markets. Stewart also provides post-closing lender services, automated county clerk land records, property ownership mapping, geographic information systems, property information reports, flood certificates, document preparation, background checks and expertise in tax-deferred exchanges. More information can be found at http://www.stewart.com/.