Stewart Announces Ryan Swed as New Head of Direct Operations

Rhea-AI Summary

Stewart Information Services Corporation (NYSE:STC) has announced the promotion of Ryan Swed to Head of U.S. Direct Operations, overseeing the company’s largest business segment. Swed, with a rich background in the title and escrow industry, previously served as Group Senior Vice President for Southwest operations. Rob Sherman has been promoted to Group Senior Vice President of Southwest operations, responsible for operations in Texas, Oklahoma, Colorado, and New Mexico. Both executives have been recognized for their leadership and success in managing operations during challenging market conditions. Stewart aims to leverage new technologies and strengthen their market position under their guidance.

Stewart is committed to providing comprehensive real estate services, aiming to be a premier title services company.

Positive

• Ryan Swed's promotion highlights the company's commitment to strong leadership.
• Swed's extensive experience is expected to enhance operational efficiency.
• Continued investment in markets indicates growth potential.

Negative

• None.

HOUSTON--(BUSINESS WIRE)-- Stewart Information Services Corporation (NYSE-STC) today announced Ryan Swed has been promoted to the role of Head of U.S. Direct Operations, taking over the company’s largest business operation. Swed will continue to report up through Steve Lessack, Group President.

Previously, Swed held the role of Group Senior Vice President for Southwest operations, and took on the role of Head of National Commercial Services in September 2021. Prior to joining Stewart, Swed worked at First American Title and its subsidiaries since 2010, managing multiple states.

Rob Sherman has been promoted to Group Senior Vice President of Southwest operations, taking over for Swed. Sherman will be responsible for managing all Direct Operations in Texas, Oklahoma, Colorado, and New Mexico. Sherman joined Stewart in 2021 as the Senior Division President for Texas, Colorado, and New Mexico. Prior to that, he served as the Senior Vice President Regional Director for WFG National Title, responsible for building, managing, and operating the direct divisions across multiple states in the southwestern U.S.

“Ryan came to us three years ago with a tremendous amount of experience and accomplishment in the title and escrow industry, which we immediately leveraged in growing markets,” said Lessack. “Rob has a proven track record of successfully managing multiple states and is a natural fit for our GSVP position. We have built strong teams across the country in Direct Operations over the past few years and have invested and scaled strategically in attractive markets. Ryan and Rob’s priorities will be to continue growing and improving these markets as we leverage new and existing technologies while maintaining our reputation as an industry leader.”

“Ryan has been a tremendous addition to our team and I’m excited about the opportunity before him to guide our largest operation and make it even stronger,” said Stewart CEO Fred Eppinger. “Ryan is an outstanding leader, and we are confident in his ability to lead our Direct Operations team. In their tenure at Stewart, Ryan and Rob have successfully managed some of our largest operations during turbulent markets. Having the right people in the right roles is how you grow and succeed and having Ryan and Rob leading these teams will position us to win for a long time to come.”

About Stewart

Stewart (NYSE-STC) is a global real estate services company, offering products and services through our direct operations, network of Stewart Trusted Providers™ and family of companies. From residential and commercial title insurance and closing and settlement services to specialized offerings for the mortgage and real estate industries, we offer the comprehensive service, deep expertise and solutions our customers need for any real estate transaction. At Stewart, we are dedicated to becoming the premier title services company and we are committed to doing so by partnering with our customers to create mutual success. Learn more at stewart.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230413005031/en/

John Chattaway, Stewart Media Relations

(713) 625-8180; mediarelations@stewart.com

Source: Stewart Information Services Corporation

FAQ

Who is the new Head of U.S. Direct Operations at Stewart (STC)?

Ryan Swed has been promoted to the position of Head of U.S. Direct Operations at Stewart (NYSE:STC).

What are Ryan Swed's previous roles before his promotion at Stewart (STC)?

Ryan Swed previously served as Group Senior Vice President for Southwest operations and Head of National Commercial Services.

Who has replaced Ryan Swed in his former role at Stewart (STC)?

Rob Sherman has been promoted to Group Senior Vice President of Southwest operations, taking over Swed's previous responsibilities.

What regions will Rob Sherman manage at Stewart (STC)?

Rob Sherman will manage Direct Operations in Texas, Oklahoma, Colorado, and New Mexico.

What is Stewart Information Services Corporation's stock symbol?

The stock symbol for Stewart Information Services Corporation is STC.