Max O. Valdes named vice president-chief financial officer


February 2, 1998, SANTA ANA, CALIFORNIA

Max O. Valdes has been named vice president-chief financial officer for First American Title Insurance Company, according to President Parker S. Kennedy. His promotion follows five years with the company as vice president-controller and another five years as assistant controller.

Valdes received his bachelor’s degree in business administration from California State University, Fullerton, with an accounting concentration. Before joining First American in 1988, Valdes was a senior accountant with Price Waterhouse; First American was one of his audit accounts. He is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants and the California Society of CPAs. He is currently serving as a member of the board of directors of the company's subsidiary, Midland Title Security, Inc.

A native of Havana, Cuba, Valdes has lived in California since 1965. He and his wife Karla now reside in Murrieta with their two sons, Andrew, 14, and Michael, 10, both of whom share his passion for baseball.

First American Title Insurance Company, principal subsidiary of The First American Financial Corporation (NYSE: FAF), traces its history to 1889. The largest title insurer in the nation, it offers title services through a network of more than 300 offices and 4,000 agents throughout the United States. It also provides title services abroad in Australia, the Bahama Islands, Canada, Guam, Mexico, Puerto Rico, the U.S. Virgin Islands and the United Kingdom. The company has its headquarters in Santa Ana, California.

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