HOUSTON (March 26, 2003) - Stewart Title Co., a subsidiary of Stewart Information Services Corp. (NYSE-STC), has acquired a majority interest in Chicago-based Singletary and DeMarco's Leadership Zone LLC, a company founded by NFL Hall of Fame member Mike Singletary and Rick DeMarco, longtime business associates.
Mike Singletary will serve as shareholder/member, founder and chairman of the board, and Rick DeMarco will serve as shareholder/member, founder, president and chief executive officer. Tom Sagehorn, group president of Stewart Title Co., will serve as managing member for Stewart.
Singletary and DeMarco have been business associates for more than 15 years. The development of the Leadership Zone stemmed from their years of observation about what it takes to be successful and meet organizational objectives - whether they be corporate or public sector team-oriented. The company works with organizations to develop employees' leadership potential, teaching them to take responsibility for their role in the organization and to commit to realizing its vision, goals and objectives.
"We are not only excited about the opportunities to develop Stewart employees and other associates in the real estate industry, but also about the ability to accelerate the introduction of our program into the public sector and corporate America," said Singletary.
While he is now a coach in the National Football League with the Baltimore Ravens, Singletary remains a significant shareholder and will actively, though on a more limited basis, participate in the strategic efforts and teaching mission of the Leadership Zone.
"Although I am fully dedicated to my coaching position with the Ravens, I will continue as chairman of the Leadership Zone to lend my credibility and leadership skills to the ongoing development of our programs. During the off-season, I look forward to developing some of the personal relationships with our clients and partners," said Singletary.
"The two companies share a common set of values, which will serve as a foundation for a strong partnership," said DeMarco. "The partnering with Stewart would never have taken place unless Mike and I were sure of this common element and vision of the power of leadership and development of people."
"To know Mike and Rick is to know people who have a heart for people and helping them succeed in whatever endeavor they pursue," said Sagehorn. "The introduction of the Leadership Zone into the Stewart organization points to our commitment to development of the full potentials of our associates, customers and channel partners to bring about positive change within their organizations."
Stewart Information Services Corporation is a technology driven, strategically competitive, global real estate information company. Stewart provides title insurance and related information services through more than 6,400 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.