- Push-out Score determined
- After 12 years in the position
- Accolades, praise and thanks for Gilmore
- Ken DeGiorgio taking over
- Gilmore will remain as chairman at First American
- Gilmore said 72 words
(exechange) — Santa Ana, California, February 9, 2022 — Dennis Gilmore, chief executive of First American, leaves his position. As announced by First American Financial Corp. in a news release on Wednesday, February 9, 2022, Dennis J. Gilmore leaves his post as chief executive officer at the provider of title insurance, settlement services and risk solutions for real estate transactions, after 12 years in the role.
The exact date of Dennis Gilmore’s departure from his post was not explicitly given in the announcement.
Dennis Gilmore’s duties as CEO will be taken over by Kenneth D. (Ken) DeGiorgio, most recently president at First American Financial Corp.
On its website, First American already lists Ken DeGiorgio as Chief Executive Officer and Director, First American Financial Corporation.
No reason given
In the announcement, First American did not explicitly explain the reason for the move.
Gilmore will remain as chairman at First American
“Kenneth D. DeGiorgio, who most recently served as the company’s president, has been appointed chief executive officer, while Dennis J. Gilmore, First American’s CEO since 2010, transitions to become chairman of the board of directors,” First American said.
Share price increase since February 2017
The announcement follows an increase in First American Financial Corp.’s share price of 101% since February 2017.
In the position of CEO since 2010
Dennis Gilmore became CEO of the Company in 2010.
Gilmore has been the Company’s chief executive officer and a director since 2010.
From 1993 to 2010, he served in various managerial roles with The First American Corporation, including as the chief executive officer of its financial services group and as its chief operating officer.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Dennis Gilmore’s move on a scale of 0 to 10.
exechange reached out to First American and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 7.2022 ($).