Longtime FIS CEO to leave company earlier than expected, steps down from board - Jacksonville Business Journal

The long-time CEO of Jacksonville-based FIS is leaving the company, including stepping down from the board, effective today — a big, and earlier, move than had been previously planned.

Instead, Ferris will take over the CEO reins immediately. Jeffrey Goldstein, the lead independent director on the company's board, will take over as independent chairman of the board., the move comes as the company faces pressure from two activist investors: D.E. Shaw and Jana Partners. The companies, which Reuters said are acting independently, have pushed for FIS to address its business configuration and for C-suite changes.

"We are taking a hard look at every aspect of our company to define areas for change and develop specific action and improvement plans," Ferris said in a statement."The Board and I are fully aligned in implementing this comprehensive review of our businesses." Last month, after the company's stock suffered its worst day in two decades — falling more than 20% and ending up at its lowest price in five years — Ferris said she would lead the implementation of a “transformation” plan aimed at cutting $500 million or more in expenses.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Big projects, big moves mark 2022 for Jacksonville Port Authority - Jacksonville Business JournalWhile finally getting deeper water in the shipping channel was a highlight of the year, other big moves also shaped the maritime landscape.
Fonte: JaxBizJournal - 🏆 599. / 51 Leggi di più »

Big projects, big moves mark 2022 for Jacksonville Port Authority - Jacksonville Business JournalWhile finally getting deeper water in the shipping channel was a highlight of the year, other big moves also shaped the maritime landscape.
Fonte: JaxBizJournal - 🏆 599. / 51 Leggi di più »

Jacksonville University extends President Tim Cost's contract through 2027 - Jacksonville Business JournalCost has helped the university grow, adding a law school and a medical school.
Fonte: JaxBizJournal - 🏆 599. / 51 Leggi di più »

New Jacksonville Tractor Supply Company store to open this week - Jacksonville Business JournalNew Jacksonville Tractor Supply Company store to open this week
Fonte: JaxBizJournal - 🏆 599. / 51 Leggi di più »

FIS to conduct 'comprehensive assessment' as new CEO takes a 'hard look' at the businessFidelity National Information Services Inc., under its incoming chief executive, will conduct a "comprehensive assessment" of its business
Fonte: MarketWatch - 🏆 3. / 97 Leggi di più »

Bank of America's retail president sees strength in Florida markets - Jacksonville Business JournalThe president of the bank’s retail operations says the bank's customers are generally 'financially stable.'
Fonte: JaxBizJournal - 🏆 599. / 51 Leggi di più »