Stewart Information Services Corporation (NYSE-STC) has announced the planned retirement of Steve Lessack, Group President, effective at the end of the year. Lessack, who joined Stewart in 1995 and has served as Group President since 2019, will be leaving behind a legacy of leadership and expertise.
Under Lessack's guidance, Stewart has made significant strides in its Direct Operations, National Commercial Services, and International Operations. In April 2023, Stewart announced the promotions of Ryan Swed to the role of Head of U.S. Direct Operations and Erin Sheckler to the role of Head of National Commercial Services, both reporting up through Lessack. These promotions have proven to be successful, with both leaders demonstrating strong performance, particularly in a challenging market.
On the international side, Marco Polsinelli will now oversee International Operations while continuing to lead Stewart's Canadian Operations. Lessack was instrumental in the establishment of Stewart's Canadian Operations in 1997 and the successful expansion of the company outside of the U.S.
Stewart's CEO, Fred Eppinger, expressed gratitude for Lessack's contributions, stating, "Steve was the driving force behind opening Stewart’s Canadian Operations in 1997 and responsible for our successful expansion outside of the U.S. We will miss Steve’s leadership and 35-plus years of expertise, but he has put in place a team that is highly regarded in our industry and well-positioned for continued growth and success."
These developments come amidst Stewart's position as a global real estate services company, offering products and services through its direct operations, network of Stewart Trusted Providers™, and family of companies. The company is dedicated to becoming the premier title services company and is committed to partnering with its customers to achieve mutual success. Today the company's shares have moved -0.7% to a price of $72.88. Check out the company's full 8-K submission here.
