Santa Ana-based title insurance company First American Financial Corp. has named Mark Seaton as its new chief financial officer.

Seaton has been with First American since 2006, most recently serving as senior vice president of finance.

He will replace Max Valdes as CFO. Valdes is retiring next year, after 25 years with the company.

The executive change comes a day after First American announced a new member to its board of directors, Mark Oman, a former executive at Wells Fargo & Co.

First American counts a market value of about $2.75 billion.