LAS VEGAS - Cannae Holdings, Inc. (NYSE: NYSE:CNNE) announced today the appointment of Doug Ammerman as an independent member of its Board of Directors, following a vote to increase the board's size to twelve members. Ammerman, a retired partner of KPMG LLP, brings a wealth of financial and leadership experience to the Cannae board.
Ammerman's tenure as a director will last until Cannae's next annual meeting of shareholders, where he will be nominated for election as a Class III director for a two-year term. William P. Foley, II, Chairman and CEO of Cannae, expressed confidence in Ammerman's abilities, citing his leadership, financial expertise, and strategic vision as valuable assets to the board.
With nearly three decades at KPMG LLP, Ammerman has held significant roles, including national practice partner and managing partner of the Orange County office. His board experience is extensive, with director positions at Stantec (NYSE:STN) Inc., Fidelity National Financial (NYSE:FNF), Inc., F&G, and Dun & Bradstreet (NYSE:DNB_old). His past board service includes El Pollo Loco, Inc., J. Alexander's (NYSE:ALX) Holdings, Inc., and Foley Trasimene Acquisition Corp.
Ammerman holds a master's degree in business taxation from the University of Southern California and a Bachelor of Arts with an accounting emphasis from California State University at Fullerton. His previous roles include serving as Special Assistant to the Secretary of Interior during the Reagan Administration and past president of the Pacific Club.
Cannae Holdings focuses on acquiring interests and actively managing a core group of operating companies, with an emphasis on long-term ownership without predefined time constraints for the sale or disposal of its businesses. The company's strategy is to maximize value for shareholders through active involvement in management and operations.
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