Donald P. Kennedy Honored as Director of the Year by the Forum for Corporate Directors
February 27, 2003, SANTA ANA, Calif.
The First American Corporation (NYSE: FAF), the nation’s leading diversified provider of business information and related products and services, today announced that company chairman, Donald P. Kennedy, has been honored as Director of the Year in the category of Corporate Growth by the Forum for Corporate Directors.
Kennedy was one of seven businesspeople to be honored at the eighth annual event held on Feb. 26, 2003, at the Four Seasons Hotel in Newport Beach, Calif. Other honorees at this year’s event included:
- Enhancing Economic Value: Ralph Whitworth, chairman of Apria HealthCare
- Corporate Governance: Betsy Sanders, first woman manager of Nordstrom and a member of the boards of Wal-Mart, Washington Mutual and Wolverine Worldwide
- Companies in Transition: Sam Inman, former co-CEO of Viking Components and former president of IBM PC, USA.
- Early Stage Companies: Fred Haney, venture capitalist
- Corporate Citizenship: Jack Shaw, former vice chairman of Deloitte & Touche and a member of the board of Resource Connection.
- Lifetime Achievement Award: General William Lyon, developer and former member of the American Airlines Board of Directors
Since its founding in 1991, the Forum for Corporate Directors (FCD) has promoted effective leadership in corporate governance through a variety of educational programs and services that address the professional needs of Corporate Directors, Boards and other stewards of business activity. The organization provides opportunities that encourage free expression on a variety of Boardroom issues supplemented with expert resources that bring timely input and training. FCD presents the Director of the Year Award to recognize those who have made outstanding contributions to the field of corporate governance and to hold them up as role models for others.
Kennedy, the grandson of First American’s founder, C.E. Parker, began his career with First American after receiving his law degree in 1948. He was appointed vice president of the company in 1951, executive vice president in 1958, president in 1963, and chairman of the board in 1993. He also serves as the vice chairman of First American’s principal subsidiary, First American Title Insurance Company.
Kennedy’s professional affiliations include serving as past president of the California Land Title Association and past president of the American Land Title Association, where he chaired numerous posts. In 1989, he was inducted into the California Building Industry Hall of Fame and in 1995 received the University of California, Irvine Real Estate Sumigarden Award. Kennedy also is a member of the Orange County and California Bar Associations and, in October 1999, was honored with the dedication of Donald P. Kennedy Hall, a state-of-the-art facility at the Chapman University School of Law.
Also actively involved in community affairs, Kennedy is a director of the Health Care Foundation of Orange County, chairman of the board of governors for the Bowers Museum of Cultural Art in Santa Ana, Calif., and past chairman of the Orange County Business Committee for the Arts. He has long been involved with South Coast Repertory, where he held the post of vice president of Advancement for 10 years and currently serves as chairman of the Campaign Planning Committee. Additionally, Kennedy serves as vice chairman of the board of trustees of Chapman University and chairman of that university’s Athletic Committee. He is also a member of Stanford University’s Athletic Board and the recipient of the Ralph Clark Distinguished Citizen Award, given by the Orange County Sports Hall of Fame.
The First American Corporation is a Fortune 500 company that traces its history to 1889. As the nation’s leading diversified provider of business information, the company supplies businesses and consumers with the information resources that affect the major economic events of people’s lives, such as getting a job; renting an apartment; buying a car, house, boat or airplane; securing a mortgage; opening or buying a business; and planning for retirement. The First American Family of Companies, many of which command leading market share positions in their respective industries, operate within seven primary business segments including: Title Insurance and Services, Specialty Insurance, Trust and Other Services, Mortgage Information, Property Information, Credit Information and Screening Information. With revenues of $4.70 billion in 2002, First American has approximately 25,000 employees in more than 1,300 offices throughout the United States and abroad. More information about the company and an archive of its press releases can be found at www.firstam.com.