The First American Corporation Announces Chief Executive Officer and Chief Financial Officer
—Anand K. Nallathambi Named as President and Chief Executive Officer Buddy Piszel Named as Chief Financial Officer—
March 16, 2010, SANTA ANA, Calif.
The First American Corporation (NYSE: FAF), America’s largest provider of business information, today announced the appointments of Anand K. Nallathambi as chief executive officer and Buddy Piszel as chief financial officer of the company’s Information Solutions Group.
Nallathambi, who was appointed president and chief operating officer of the Information Solutions Group in December 2009, will continue to serve in those capacities. Piszel will continue to serve as the parent company’s chief financial officer. The company’s Financial Services Group will commence a search for Piszel’s replacement as its chief financial officer.
“I am pleased to announce the completion of our leadership team for the Information Solutions Group—an important milestone as we continue our progress toward the targeted June 1, 2010, spin-off,” said Parker S. Kennedy, chairman and chief executive officer of The First American Corporation. “The depth of their combined experience as public-company executives will ensure the successful debut of this exciting, new company.”
Nallathambi, 48, previously served as chief executive officer and president of First Advantage Corporation, which, until November 2009, was a majority-owned public subsidiary of the company and a business segment within the Information Solutions Group. Nallathambi, who began his First American career in 1995, served with First Advantage since 2005.
Piszel, 55, joined the company as chief financial officer in January 2009. Prior to that, he was executive vice president and chief financial officer for Freddie Mac. His background also includes two years as chief financial officer for Health Net, Inc. and more than a decade at Prudential Financial, Inc., where he held numerous senior executive positions including senior vice president and corporate controller, chief financial officer of the individual life insurance business and chief financial officer of the asset management and retirement business. During his tenure at Prudential, he also played a leading role in transforming Prudential from a private company to a public, SEC-registered company.
Nallathambi received his bachelor's degree in economics from Loyola University in Madras, India. He earned a master's degree in finance and marketing from California Lutheran University and has professional designations in systems analysis and international business from the University of California at Los Angeles. Nallathambi also serves on the board of directors of the Consumer Data Industry Association, an international trade association that represents consumer information companies.
Piszel, who earned a bachelor’s degree in economics from Rutgers University and an M.B.A. from Golden Gate University, also serves on the board of directors of RehabCare Group, Inc. and is chairman of that company’s audit committee.
About The First American Corporation
The First American Corporation (NYSE: FAF) is a FORTUNE 500® company that traces its history to 1889. With total revenues of approximately $6.0 billion in 2009, 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 www.firstam.com.