The Board of Directors of Stewart Information Services Corp. (NYSE: STC) recently announced that Matt Morris has been elected Chief Executive Officer of the company with responsibility for all operations. Matt Morris succeeds Malcolm Morris and Stewart Morris, Jr., who had served as co-CEOs, and who will take the posts of vice chairmen of the board. Matt Morris previously served as senior executive vice president of Stewart Information Services Corp. (SISCO), Stewart Title Company, and Stewart Title Guaranty Company. He has been an executive of the company since 2004.
According to the company, prior to joining SISCO, Matt Morris served as director for a strategic litigation consulting firm offering trial and settlement services and communications strategy. He received his BBA in Organizational Behavior and Business Policy from Southern Methodist University and his MBA with a concentration in Finance from The University of Texas.
The board also announced that its Lead Director, Dr. Edward Douglas Hodo, has been elected chairman of the board. Dr. Hodo has been a member of the board since 1988 and has served as Lead Director since 2004. He is also president emeritus of Houston Baptist University.
Malcolm Morris says, “This change in SISCO’s management simplifies and strengthens the company’s organizational structure and will facilitate continuing improvement in our company’s profitability by streamlining daily operations and enhancing the focus on our core businesses.”
More information can be found at http://www.stewart.com.