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Industry News

The First American Corporation Announces Three Senior-Level Appointments

June 13, 2007

SANTA ANA, Calif., -- The First American Corporation (NYSE: FAF), America's largest provider of business information, today announced that Michael A. Rasic has been named vice president, director of SEC reporting; David L. Ruhm, chief actuary; and Mark E. Seaton, director of investor relations.

"Mike, David and Mark each have extensive experience and a significant understanding of their respective fields," said Frank V. McMahon, vice chairman and chief financial officer of The First American Corporation. "I look forward to working with each one on upcoming projects, and am confident that their expertise and subsequent contributions will bring added strength to First American's SEC reporting, actuarial and investor relations functions."

Rasic, in his new role of vice president, director of SEC reporting, will be responsible for public filings required by the U.S. Securities and Exchange Commission, as well as accounting for the company's mergers and acquisitions, establishment of accounting policies and oversight of internal audit and compliance activities. Before accepting his new position with First American, Rasic worked as chief financial officer of Metrocities Mortgage in Sherman Oaks, Calif., and as a partner at PricewaterhouseCoopers, LLP, in Los Angeles, from 1998 to 2006. Rasic, who has been a member of the American Institute of Certified Public Accountants since 1993, holds a bachelor's degree in accounting from Santa Clara University and an MBA from the University of California, Los Angeles.

in the newly created position of chief actuary, Ruhm will be responsible for insurance pricing, reserving and other actuarial functions within the company. Prior to joining First American, Ruhm served as assistant vice president for eight years at The Hartford Financial Services Group in Hartford, Conn.; as an actuary for American International Group in New York City; and as associate actuary for Universal Underwriters Group in Overland Park, Kan. In addition to extensive industry experience, Ruhm holds a bachelor's degree in mathematics from the University of California, San Diego, and has been a Fellow of the Casualty Actuarial Society since 1999. As director of investor relations, Seaton will manage the corporation's investor relations and investor communications activities. In 2006, Seaton joined First American as a treasury associate, a position he has held until his current promotion. Prior to his work with First American, Seaton served as an associate at BancBoston Capital, from 2001 to 2004; as a summer associate at the New York office of Goldman, Sachs & Co., in 2005; and as an analyst with Robertson Stephens in San Francisco, from 1999 to 2001. Seaton holds a bachelor's degree in economics from Stanford University and an M.B.A. from The Tuck School of Business at Dartmouth College.

Source: First American

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