First American Financial Corporation (NYSE: FAF) has promoted Chief Financial Officer (CFO) Mark E. Seaton to CEO.
Seaton replaces Kenneth DeGiorgio, who departed the company after news broke that he was arrested in Puerto Rico for choking a passenger who insulted his wife on a cruise ship. Seaton served as CFO since 2013 and also oversaw First American Trust, the company’s federally charted bank, and the company’s technology group.
Treasurer Matt F. Wajner was promoted to fill the CFO role, and the company also moved Chairman of the Board Dennis J. Gilmore will move to the role of executive chairman.
“We are looking forward to our next chapter under the strong leadership of Mark Seaton,” said Gilmore. “No one is more ready to be our CEO than Mark, who has played a leading role in our most critical strategic initiatives, which are driving the digital transformation of our business. We want to thank Ken DeGiorgio for his many years of service to First American.”
