Stewart Chief Corporate Development Officer John Magness to Provide Strategic Oversight to Direct Operations
HOUSTON (January 5, 2018) – Stewart today announced John Magness will provide strategic oversight to Stewart’s U.S. Direct Operations as an expanded part of his role as Chief Corporate Development Officer. Magness is a well-respected industry veteran who joined Stewart in October of 2017, bringing deep knowledge and a strong track record from nearly 35 years in title insurance and real estate. Dave Fauth will continue in his role as Group President, Direct Operations and support John in leading the growth strategy.
Magness’ extensive leadership experience will allow for Stewart’s rapid expansion, effective management of potential acquisitions and continued growth opportunities. He works across all business lines to increase market share and maximize profitability. His specific concentration on enhancing Stewart’s branch offices will strengthen the support and resources delivered to Direct Operations, associates and customers.
“John is well-versed in successful direct operations from his industry experience over the course of his career,” said Matt Morris, Chief Executive Officer, Stewart Information Services Corporation. “This announcement allows us to leverage his expertise, combined with the strong foundation Dave has built, to position Stewart for a year of growth in 2018.”
Prior to joining Stewart this past fall, Magness most recently served as President at Old Republic Title, where he led all revenue-producing efforts for direct and agency operations, commercial operations, technical service operations and entities in the title group. Before serving as President, he held a variety of leadership roles including: Senior Vice President of Texas and New Mexico Direct Operations Manager; President of the Central Title Group; and Executive Vice President and Chief Operating Officer for the Title Group. Prior to Old Republic, Magness served as Executive Vice President at the Land America Financial Group where he directed operations across 17 states.
“Stewart is a proven, customer-focused organization and I am excited about the opportunities ahead with direct operations and the other areas of the business,” said Magness. “I look forward to working closely with the stellar group of passionate professionals who sincerely care about delivering for our customers.”
A native Texan and long-time Houston resident, Magness holds a Bachelor of Business Administration in Marketing from the University of Houston and is a member of the American Land Title Association.
About Stewart
Stewart Information Services Corporation (NYSE-STC) is a global real estate services company, offering products and services through our direct operations, network of Stewart Trusted Providers™ and family of companies. From residential and commercial title insurance and closing and settlement services to specialized offerings for the mortgage industry, we offer the comprehensive service, deep expertise and solutions our customers need for any real estate transaction. At Stewart, we believe in building strong relationships – and these partnerships are the cornerstone of every closing, every transaction and every deal. Stewart. Real partners. Real possibilities.™ More information is available at stewart.com, subscribe to the Stewart blog at blog.stewart.com, or follow Stewart on Twitter® @stewarttitleco. Trademarks are the property of their respective owners.
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