The First American Corporation Promotes Martin Wool To President Of Specialty Insurance Segment
April 12, 2005
SANTA ANA, Calif., -- The First American Corporation (NYSE: FAF)has named Martin Wool president of the company’s Specialty Insurance segment. In this new position, Wool will oversee the company’s home warranty and homeowner’s insurance operations. He also will retain duties as president and chief executive officer of the company’s subsidiary, First American Home Buyers Protection Corporation, the nation’s second largest home warranty company.
Wool brings more than 25 years of management experience in the home warranty industry to his new position. He played a key role in the startup of two home warranty companies, including First American Home Buyers Protection Corporation, where he has served as president since 1999.
“Under Marty’s leadership our home warranty group has significantly strengthened its position as one of the nation’s leading providers of home warranty contracts and we expect to be operating in all 50 states by the end of 2005,” stated Parker Kennedy, chairman and chief executive officer of The First American Corporation. “His experience and vision will prove invaluable as we continue to grow this segment of our business.”
Craig DeRoy, president of The First American Corporation, added: “Marty has tremendous talent in blending operational efficiency and customer service. In this new role, he will now have the opportunity to leverage the services and resources for the benefit of our customers in both our home warranty and homeowner’s insurance businesses. His creativity will undoubtedly lead to new products as we look at the common markets for these two companies.”
Wool holds bachelor’s degrees in business management and psychology from San Jose State University, and an MBA from Pepperdine University. He and his wife, Donna, currently reside in Bell Canyon, Calif. They are parents of two adult children, Dan and Kevin.
Source: The First American Corporation
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