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Donald P. Kennedy 1918-2012 Chairman Emeritus Donald P. Kennedy passed away on March 24 at the age of 93. During his career with First American Title, Kennedy helped to lead the company's extraordinary growth from a one-office firm in Santa Ana into a global FORTUNE& 500 company and helped introduce many of the technological innovations that transformed the title insurance industry. "It is with great sadness that we announce the passing of Don Kennedy," said Dennis J. Gilmore, chief executive officer for First American. "Don was a true visionary and a man of tremendous integrity who was admired by all those who knew him. While we will greatly miss his wise counsel and quick wit, he leaves behind a legacy of creativity and innovation that will always remain with our company." When Kennedy began leading First American's expansion efforts in 1957, the company's revenues were less than $1.5 million. By 2006, they exceeded $8 billion. In a spin-off transaction completed in 2010, First American's data businesses became a separate company known as CoreLogic. First American and CoreLogic are now traded on the New York Stock Exchange. The grandson of First American's founder, C.E. Parker, Kennedy served First American for more than 60 years. He is credited with beginning the company's expansion efforts in 1957 with the acquisition of title companies outside the Santa Ana area. Kennedy's strategy of allowing the leadership of each First American office to operate as if it was its own company played a key role in driving this expansion and the company's profitability. First American continued to grow in later decades through international expansion and through the addition of other businesses whose products and services were involved in the real estate transaction process. In 1985, the company began developing and acquiring extensive databases of real property information, and offered products and services using this data. Donald Kennedy, whose family roots in Orange County date to 1873, attended Santa Ana High School and graduated from Stanford University in 1940. After serving in the Navy during World War II, where he took part in the landings in Southern France, he graduated from the University of Southern California School of Law. Kennedy joined First American in 1948, when it was known as Orange County Title Company. After passing the bar exam in 1949, he served as the company's associate counsel for three years, then was appointed vice president of First American in 1951, executive vice president in 1958, president in 1963, and chairman of the board in 1993. He was named chairman emeritus in 2003, a title he maintained after retiring from the board of directors in 2008. Kennedy also served as vice chairman of First American's principal subsidiary, First American Title Insurance Company. He consistently went to his office at First American's Santa Ana campus until he was 90 years old. Kennedy has left an indelible mark not only on First American, but also on the title insurance industry, helping to usher in many of the advancements and practices that CITY COUNCIL MINUTES 17 APRIL 2, 2012 1 0A-17