Stewart Information Services Corporation (NYSE: STC) has announced the extension of Chief Executive Officer Frederick H. Eppinger’s employment agreement for an additional three years, securing his leadership through the end of 2028. This decision reflects the company’s confidence in Eppinger’s proven ability to drive growth, innovation, and market expansion even amid challenging conditions.
“In five years as CEO, Fred has guided Stewart by developing our strategy, capabilities, and team, much in a down market, resulting in more than doubling our market cap and increasing market share to over 10 percent,” said Thomas G. Apel, Chairman of the Board. “Fred has built momentum, both financially and operationally. The Board is confident that Fred is the right leader for Stewart to continue delivering financial stability and shareholder value.”
Eppinger’s Leadership and Impact
Eppinger assumed the CEO role in September 2019 after serving as a director of Stewart since 2016. Over the past five years, he has navigated the company through significant challenges, including the global pandemic and a historically weak housing market. Despite these obstacles, Eppinger’s leadership has been instrumental in driving sustained growth, improving efficiency, and enhancing the company’s market presence.
“In my first three years at Stewart, my goal was to focus our company’s strengths and fortify our position in the market, and I’m extremely proud of the commitment and dedication of our employees to get behind this singular goal,” said Eppinger. “Now that we are five years into our mission, not only have we fortified Stewart as an industry leader, but we have grown our share of the market. The work is not done, and I’m excited about the continued opportunities ahead to innovate, expand, and enhance our value proposition for our employees and customers. I look forward to seeing us execute on our plans to capture 15 percent market share and achieve 11-12 percent pretax margins.”
Achievements Under Eppinger’s Leadership
During his tenure, Eppinger has overseen numerous transformative initiatives that have strengthened Stewart’s position in the title insurance and real estate services industries. Key accomplishments include:
- Strategic Acquisitions: More than 30 acquisitions have expanded Stewart’s reach and capabilities, bolstering its competitive edge in the market.
- Leadership Excellence: Eppinger has brought in top-tier talent to drive innovation and operational success.
- Technological Advancements: The company has significantly enhanced its digital and technological capabilities, ensuring a seamless customer experience and improved internal processes.
- Operational Efficiency: Focused improvements in process and data management have driven cost efficiencies and scalability.
- Financial Growth: Stewart has doubled its market capitalization and increased its market share to over 10%, even during a down market.
These strategic moves have positioned Stewart for continued growth and resilience, ensuring its leadership in the title insurance space for years to come.
About Stewart
Stewart (NYSE: STC) is a global leader in real estate services, offering a wide range of products and solutions through its direct operations, Stewart Trusted Providers™, and family of companies. From residential and commercial title insurance to closing and settlement services, Stewart provides comprehensive expertise for real estate transactions. With a legacy spanning over 130 years, Stewart remains committed to becoming the premier title services company by fostering mutual success with its customers.
