HOUSTON (Jan. 4, 2002) - Stewart Information Services Corp. (Stewart) (NYSE-STC) announced that Gov. John P. LaWare has been elected to its board of directors. LaWare, who has served as a Stewart advisory director since 1995, is replacing Martin J. Whitman, who resigned for personal reasons.
"Gov. LaWare is a bulwark of personal integrity who has served faithfully as a respected statesman on our advisory board," said Malcolm S. Morris, Stewart chairman and co-CEO. "He has always been a strong voice in continuing Stewart's tradition of financial strength within the title insurance community. We thank Marty Whitman for the expert guidance he has provided to our board."
"Gov. LaWare brings to our board an informed viewpoint providing the pulse of the U.S. economy," said Stewart Morris Jr., president and co-CEO. "He provides excellent counsel for good management decisions."
LaWare served on the board of governors of the Federal Reserve System from 1988 until 1995. A Harvard graduate, he began his banking career in 1953 at Chemical Bank in New York. During his 25 years with Chemical Bank, LaWare spent several years as a senior lending officer before organizing its holding company operations and marketing divisions. He also served as chairman, CEO and director of Shawmut National Corp., a super regional bank holding company.
Stewart Information Services Corp. (NYSE-STC) is a technology driven, strategically competitive, global real estate information company. Stewart provides title insurance and related information services through more than 5,800 issuing locations in the United States and several international markets. Stewart meets the needs of the real estate and mortgage industries through the delivery of information services required for settlement using e-commerce. These services include title reports, flood determinations, property appraisals, surveys, document preparation, property reports and background checks. Stewart also supplies post-closing services to lenders, automated county clerk land records and GIS for governmental entities. Stewart provides expertise in tax-deferred exchanges. More information about Stewart can be found at www.stewart.com.