Raymond Quirk is the CEO of Fidelity National Financial. This makes him a figure of note in the financial sector, seeing as how the corporation that he is responsible for running is one of the biggest providers of commercial mortgages, residential mortgages, and other financial products in the United States. Here are 10 things that you may or may not have known about Raymond Quirk:
1. Director of Fidelity National Financial
Quirk isn’t the Chairman of Fidelity National Financial. Instead, that position is held by William P. Foley II, who was responsible for buying out the corporation before breathing new life into it. With that said, Quirk is a member of the Board of Directors, which would be the collection of individuals meant to represent the shareholders as a whole.
2. Director of Subsidiaries
Speaking of which, it is interesting to note that Fidelity National Financial has a number of subsidiaries that count Quirk as a member of their Boards of Directors. Presumably, this give him a measure of influence over them without having to get too involved in their day-to-day operations.
3. Director of J. Alexander Holdings
For instance, Quirk is a director of J. Alexander Holdings, which tends to be best-known for the casual dining restaurant chain called J. Alexander’s. Fidelity National Financial bought the chain in 2012 before spinning it off in 2015, which was when Quirk became one of its directors.
4. Rose Up the Ranks
Quirk has been with Fidelity National Financial for some time. As a result, it should come as no surprise to learn that he has held a number of ranks at the corporation that have been higher and higher-ranked over time. Due to this, there aren’t a lot of people who can compete with Quirk when it comes to familiarity with the various levels of Fidelity National Financial’s operations.
5. Became CEO in 2005
In 2005, Quirk was chosen to become the next CEO of Fidelity National Financial by the Board of Directors, who held a unanimous vote on the matter. Since he has held his current position for such a long period of time, it stands to reason that he has played an important role in shaping the corporation into its current state.
6. Lives in Jacksonville, FL
Currently, Quirk lives with his wife Linda in Jacksonville, FL. Said city might not be able to claim the same kind of fame as, say, New York City, but it is nonetheless one of the biggest cities in the United States because of a process of consolidation. Besides this, it is interesting to note that Jacksonville is an important seaport that sees plenty of use for both civilian and military purposes.
7. Lives Close to Corporate Headquarters
It seems safe to say that the length of his commute played an important role in Quirk’s choice of residence. After all, Fidelity National Financial is headquartered in the same city. In fact, it should be mentioned that Jacksonville has had an important banking and financial sector for some time, having been fueled in part by the sky-high prices that can be found elsewhere in the United States.
8. Oversees a Corporation with an Interest in Various Sectors
J. Alexander’s Holdings should’ve made it clear that Fidelity National Financial has an interest in sectors than its own. Further proof of this can be seen in its ownership stakes in other companies in other sectors. One excellent example would be the corporation’s minority interest in Ceridian, which specializes in human resources software and related services.
9. Oversaw Merger Agreement with Stewart Title
With that said, Fidelity National Financial isn’t exactly slacking off when it comes to its core operations. For instance, March of 2018 saw it making a merger agreement with Stewart Title, which will provide the resulting corporation with a huge advantage in title insurance as well as related products and services.
10. The Outcome of the Merger Remains Unclear
In fact, the resulting corporation will have such a huge advantage that the Consumer Federation of America has asked the U.S. Department of Justice to block it because it would bring too much of the market under a single corporate umbrella. Something that could have serious consequences for competitiveness in the relevant sector.