First American Financial Corporation (FAF -6.08%) is switching CFOs.
On Thursday, the title insurer announced that current Executive Vice President and Chief Financial Officer Max O. Valdes is retiring sometime in the next year. He's leaving on a high note, too, with FAF's share price having risen 54% over the past year. It also outperformed the S&P 500 by a factor of nearly five.
Valdes will be replaced by newly promoted Senior Vice President of Finance Mark E. Seaton, a seven-year veteran of the company, who takes over the CFO's chair. Details on Seaton's compensation have not yet been filed with the SEC.
