HOUSTON (Dec. 2, 2003) - Stewart REI Data Inc., a new subsidiary of Stewart Information Services Corp. (NYSE-STC), has announced the senior management team for its market and operations divisions.
"We are consolidating our real estate information businesses in a single entity to better serve our customers," said Don O'Neill, Stewart REI group president. "It is critical to bring together the team that will conveniently provide to our customers all the data about property for decisioning and analysis through a variety of high value information products."
As previously announced, Max Harris will serve as president of the market division and Steve Otto will serve as president of the operations division of the new company. Rounding out the senior management positions within the market division will be Laura Peters, senior vice president - sales and customer service; Jim Carabello, senior vice president - market management; and Tom Abbate, senior vice president - strategic business development.
"Laura, Jim and Tom are each excellent selections to manage their respective business disciplines and are expected to make significant contributions to the future success of the REI Data business," said Harris.
Balancing the market team, the operations division has selected Chuck Barnett, senior vice president - data manufacturing; and is continuing the process of building the product management and development teams. Rob Shanks and Paul Smith, who respectively serve as president and chief operating officer of Stewart subsidiary GlobeXplorer, also will serve as members of the leadership team of the new company.
"Chuck is an excellent choice to fill the position within the group that is responsible for data manufacturing and management," said Otto. "Additionally, Rob and Paul bring extensive skills and experience to the leadership team that will be critical ingredients to the future success of the company."
"The existing business operations of Landata Information Services Inc., Landata of Belize Inc., portions of Landata Technologies Inc., Landata of New York, GlobeXplorer LLC and our partnership interest in Information Services of Illinois LLC are being placed under the management and operations of Stewart REI Data Inc.," added O'Neill. "It is of strategic importance that Stewart unifies these business operations into a single, cohesive business unit to establish competitive opportunity and advantage."
About Stewart REI Data, Inc.
Stewart REI Data Inc. was formed to provide comprehensive information solutions to title agents; lenders; real estate agents and brokers; federal, state and local governments; and other markets with related needs.
Stewart Information Services Corp. is a technology driven, strategically competitive, global real estate information company. Stewart provides title insurance and related information services through more than 7,000 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, document preparation, property reports, background checks and online property auctions. Stewart also supplies post-closing services to lenders, automated county clerk land records, property and land ownership mapping, and GIS for governmental entities. Stewart provides expertise in tax-deferred exchanges. More information about Stewart can be found at www.stewart.com.