The First American Corporation Announces Appointment of Matthew B. Botein to Board of Directors
27 August 2009 - 7:00AM
PR Newswire (US)
SANTA ANA, Calif., Aug. 26 /PRNewswire-FirstCall/ -- The First
American Corporation (NYSE:FAF), America's largest provider of
business information, announced today that Matthew B. Botein has
been appointed to the company's board of directors. Botein, who is
chairman of Botein & Company, LLC, a private investment firm,
served until June 2009 as a managing director for Highfields
Capital Management LP, First American's largest unaffiliated
shareholder. At Highfields, he managed portfolio investments in the
financial services industry and certain private equity investments
of the firm. Prior to joining Highfields, he was a principal in the
Private Equity Group at The Blackstone Group. "We're honored to
have Matt join our board," said Parker S. Kennedy, chairman and
chief executive officer of The First American Corporation. "We
welcome his insights into our business, especially with respect to
the many information products we offer to the investment
community." Botein also serves as the vice chairman of mortgage
investment firm Private National Mortgage Acceptance Company LLC
("PennyMac") and is a member of the boards of directors of Aspen
Insurance Holdings Limited (NYSE:AHL), a specialty insurance and
reinsurance company; PennyMac Mortgage Investment Trust (NYSE:PMT);
Cyrus Reinsurance Holdings Limited, a reinsurance company; and
Integro Limited, an insurance and reinsurance broker. Botein joins
the board pursuant to an agreement entered into between the company
and Highfields. About First American The First American Corporation
(NYSE:FAF) is a FORTUNE 500 company that traces its history to
1889. With revenues of approximately $6.2 billion in 2008, it is
America's largest provider of business information. First American
combines advanced analytics with its vast data resources to supply
businesses and consumers with valuable information products to
support the major economic events of people's lives, such as
getting a job, renting an apartment, buying a car or house,
securing a mortgage and opening or buying a business. The First
American Family of Companies, many of which command leading market
share positions in their respective industries, operate within five
primary business segments, including: Title Insurance and Services,
Specialty Insurance, Information and Outsourcing Solutions, Data
and Analytic Solutions, and Risk Mitigation and Business Solutions.
More information about the company and an archive of its press
releases can be found at http://www.firstam.com/. Media Contact:
Carrie Gaska Corporate Communications The First American
Corporation (714) 250-3298 - Investor Contact: Mark Seaton Investor
Relations The First American Corporation (714) 250-4264 -
DATASOURCE: The First American Corporation CONTACT: media, Carrie
Gaska, Corporate Communications, +1-714-250-3298, , or investors,
Mark Seaton, Investor Relations, +1-714-250-4264, , both of The
First American Corporation Web Site: http://www.firstam.com/
Copyright