Fidelity National Financial, Inc. Announces Board and Executive Officer Appointments
February 08 2006 - 4:56PM
PR Newswire (US)
JACKSONVILLE, Fla., Feb. 8 /PRNewswire-FirstCall/ -- Fidelity
National Financial, Inc. (NYSE:FNF), a Fortune 500 provider of
outsourced products and services to a variety of industries, today
announced the appointment of Alan L. Stinson, Chief Financial
Officer, to the additional role of Chief Operating Officer and
Brent B. Bickett to President of FNF. Additionally, Richard N.
Massey was elected to FNF's Board of Directors. "With our structure
as a holding company, Al Stinson will take on the additional role
of Chief Operating Officer with responsibility for accounting
governance and oversight for the entire family of FNF companies,"
said FNF Chairman and Chief Executive Officer William P. Foley, II.
"Additionally, Brent Bickett has run our M&A group through the
numerous acquisitions we have completed in the last several years
and his appointment as President of FNF exemplifies the
significance that merger and acquisition activity will have in the
future FNF holding company strategy." Mr. Massey is Executive Vice
President, Corporate Secretary and General Counsel for Alltel, a
customer-focused communications company with more than 15 million
customers in 36 states and nearly $10 billion in annual revenues.
Prior to his appointment to his current role with Alltel in
December 2005, Mr. Massey had been a managing director at Stephens
Inc. of Little Rock, Arkansas since 2000. From 1998 through 2000,
Mr. Massey was a partner with Kutak Rock, where he led the national
mergers and acquisition practice for the firm. "We are very excited
to add a seasoned executive like Rick to our Board of Directors,"
said FNF Chairman and Chief Executive Officer William P. Foley, II.
"Rick's mergers and acquisitions background and his thorough prior
knowledge of FNF from his tenure at Stephens make him a perfect
addition to our Board, as we continue to focus on maximizing the
value of the assets of FNF and continuing to create shareholder
value." Fidelity National Financial, Inc., number 261 on the
Fortune 500, provides products and outsourced services and
solutions to a number of industries. Through its majority-owned,
publicly traded subsidiary, Fidelity National Title Group, Inc.
(NYSE:FNT), FNF is the nation's largest title insurance company,
with nearly 31 percent national market share. Through its majority-
owned subsidiary Fidelity National Information Services, Inc.
("FIS"), the Company is a leading provider of core financial
institution processing, mortgage loan processing and related
information products and outsourcing services to financial
institutions, mortgage lenders and real estate professionals.
Through its wholly-owned subsidiaries, FNF is also a provider of
specialty insurance products, including flood insurance, homeowners
insurance and home warranty insurance. Through its minority-owned
subsidiary, Sedgwick CMS, FNF is an industry leading provider of
outsourced insurance claims management services to large corporate
and public sector entities. More information about the FNF family
of companies can be found at http://www.fnf.com/ ,
http://www.fntg.com/ , http://www.fidelityinfoservices.com/ and
http://www.sedgwickcms.com/ . This press release contains
statements related to future events and expectations and, as such,
constitutes forward-looking statements. These forward-looking
statements are subject to known and unknown risks, uncertainties
and other factors that may cause actual results, performance or
achievements of the Company to be different from those expressed or
implied above. The Company expressly disclaims any duty to update
or revise forward- looking statements. The risks and uncertainties
which forward-looking statements are subject to include, but are
not limited to, the effect of governmental regulations, the
economy, competition and other risks detailed from time to time in
the "Management's Discussion and Analysis" section of the Company's
Form 10-K and other reports and filings with the Securities and
Exchange Commission. First Call Analyst: FCMN Contact:
JFleetwood@fnf.com DATASOURCE: Fidelity National Financial, Inc.
CONTACT: Daniel Kennedy Murphy, Senior Vice President, Finance and
Investor Relations, Fidelity National Financial, +1-904-854-8120,
Web site: http://www.fnf.com/ http://www.fntg.com/ and
http://www.fidelityinfoservices.com/ http://www.sedgwickcms.com/
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