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Fidelity Financial Announces Executive Transitions

In Florida, ""Fidelity National Financial, Inc."":http://www.fnf.com/pages/default.aspx (FNF), a provider of title insurance and mortgage and diversified services, announced that company president Raymond R. Quirk will be taking over as CEO effective December 7.

As CEO, Quirk will replace George P. Scanlon, who is transitioning out of that role.

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In addition, FNF announced that current EVP Brent B. Bickett will step up to replace Quirk as president.

""George has done an excellent job leading the company for the last three years and the company's profitability and shareholder returns have improved under his leadership,"" said Chairman William P. Foley II. ""As we are working towards the closing and integration of Lender Processing Services, Inc., we have decided to reallocate the CEO responsibilities to Randy and Brent.""

According to Foley, Quirk will continue to manage the title insurance business, while Bickett's expanded role will include primary responsibility for FNF's portfolio of companies, including Remy, American Blue Ribbon Holdings, J. Alexander's, Ceridian, and Digital Insurance. Bickett has been with the company for 15 years; Quirk's tenure spans nearly three decades.

""We are confident that Randy and Brent will continue to positively impact our company in their expanded leadership roles,"" Foley said. ""We wish George the best in his future endeavors and plan to work with him to develop a consulting arrangement with FNF or one of our portfolio companies.""

About Author: Tory Barringer

Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington's student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News' sister publication, MReport, which focuses on mortgage banking news.
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