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Posted 17 February, 2022

Fidelity National Financial, Inc. appointed Michael J. Nolan as new CEO

NYSE:FNF appointed new Chief Executive Officer Michael J. Nolan in a 8-K filed on 17 February, 2022.


  As previously announced on January 5, 2022, the Board of Directors of Fidelity National Financial, Inc. (the "Company") adopted a resolution to appoint Michael J. Nolan to the role of Chief Executive Officer of the Company and to appoint Raymond R. Quirk to the position of Executive Vice-Chairman on the Company's Board of Directors.  

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Overview of Fidelity National Financial, Inc.
Financial Services • Non-Life Insurance
Fidelity National Financial, Inc. engages in the provision of title insurance and transaction services to the real estate and mortgage industries. Its services include title insurance, escrow and other title-related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products and technology and transaction services to the real estate and mortgage industries. The company operates through the following segments: Title, F&G, and Corporate and Other. The Title segment consists of the operations of title insurance underwriters and related businesses. The F&G segment consists of operations of annuities and life insurance related businesses. The Corporate and Other segment is involved in real estate brokerage businesses. Fidelity National Financial was founded by William P. Foley II in 1984 and is headquartered in Jacksonville, FL.
Market Cap
$17.5B
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Fidelity National Financial, Inc. by TradingView
Relevant filing section
Item 5.02. 
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers


As previously announced on January 5, 2022, the Board of Directors of Fidelity National Financial, Inc. (the "Company") adopted a resolution to appoint Michael J. Nolan to the role of Chief Executive Officer of the Company and to appoint Raymond R. Quirk to the position of Executive Vice-Chairman on the Company's Board of Directors. Both appointments are effective as of February 1, 2022 ("the Effective Date"). 


In connection with Mr. Nolan's role of Chief Executive Officer of the Company, Mr. Nolan entered into a three-year Amended and Restated Employment Agreement with the Company on February 16, 2022 ("the Chief Executive Officer Employment Agreement"), effective February 1, 2022 with a provision for automatic annual extensions beginning on the first anniversary of the Effective Date and continuing thereafter unless either party provides timely notice that the term should not be extended. Pursuant to the terms of the Chief Executive Officer Employment Agreement, Mr. Nolan's minimum annual base salary is $900,000, with an annual incentive target of 150% of his annual base salary, with amounts payable depending on performance relative to targeted results. Mr. Nolan and his eligible dependents are entitled and shall be eligible to medical and other insurance coverage we provide to our other top executives as a group. Mr. Nolan is also eligible to receive equity grants under our equity incentive plans, as determined by our compensation committee. 


In connection with Mr. Quirk's position of Executive Vice-Chairman on the Company's Board of Directors, Mr. Quirk entered into a three-year Amended and Restated Employment Agreement with the Company on February 16, 2022 ("the Executive Vice-Chairman Employment Agreement"), effective February 1, 2022 with a provision for automatic annual extensions beginning on the first anniversary of the Effective Date and continuing thereafter unless either party provides timely notice that the term should not be extended. Pursuant to the terms of the Executive Vice-Chairman Employment Agreement, Mr. Quirk's minimum annual base salary is $750,000, with an annual incentive target of 150% of his annual base salary, with amounts payable depending on performance relative to targeted results. Mr. Quirk and his eligible dependents are entitled and shall be eligible to medical and other insurance coverage we provide to our other top executives as a group. Mr. Quirk is also eligible to receive equity grants under our equity incentive plans, as determined by our compensation committee.


The foregoing description of the Chief Executive Officer Employment Agreement and the Executive Vice-Chairman Employment Agreement do not purport to be complete and are qualified in their entirety by reference to the complete text of the Chief Executive Officer Employment Agreement and the Executive Vice-Chairman Employment Agreement, copies of which are attached as Exhibits 10.1 and 10.2 to this Current Report on Form 8-K and are incorporated herein by reference in their entirety.