Stewart Announces Changes to Board of Directors
HOUSTON (May 1, 2009) – Stewart Information Services Corp (NYSE-STC), a leading real estate information, title insurance and transaction management company, today announced changes to its board of directors. Catherine Allen and Thomas Apel were elected to the board of directors. Both had previously served as advisory directors for the company. Matthew Morris, senior executive vice president of Stewart Information Services Corp., was elected by the board as a new advisory director.
Allen will serve on the Compensation and Technology Advisory Committees and Apel will continue to serve on the Audit and Technology Advisory Committees both in their new director roles.
“We are delighted to have Catherine and Thomas transition to directors of our board, and welcome the addition of Matt to the position of advisory director,” said Stewart Morris Jr., president and co-chief executive officer for Stewart Information Services Corp.
Max Crisp, who served as executive vice president and chief financial officer of Stewart Information Services Corp. and last September announced his retirement following 40 years of service, has stepped down at the end of his current term at the company’s annual shareholder meeting on May 1, 2009. Nita Hanks previously resigned her board position and has left the company to pursue other opportunities after more than 30 years with the company. Hanks most recently served as senior vice president and director of employee services for Stewart Information Services Corp.
“On behalf of Stewart Information Services Corp., I would like to thank Max and Nita for their outstanding contributions while serving on the Board”, concluded Malcolm Morris, chairman and co-chief executive officer for Stewart Information Services Corp.
Stewart Title Company is a wholly owned subsidiary of Stewart Information Services Corp. (NYSE-STC), a customer-driven, technology-enabled, strategically competitive, real estate information, title insurance and transaction management company. Stewart provides title insurance and related information services required for settlement by the real estate and mortgage industries through our network of company-owned offices and independent agencies throughout offices 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.