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.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Longtime FIS CEO to leave company earlier than expected, steps down from board - Jacksonville Business JournalThe move will see the company's president take over the CEO role effective immediately, as the company implements a new board leadership structure.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

New Jacksonville Tractor Supply Company store to open this week - Jacksonville Business JournalNew Jacksonville Tractor Supply Company store to open this week
Source: JaxBizJournal - 🏆 599. / 51 Read more »

CEO Insights: Where JWB's Alex Sifakis sees downtown going in 2023 - Jacksonville Business JournalJWB Real Estate Capital President Alex Sifakis offers insights into the challenges and opportunities 2023 will bring.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Popular bar near downtown shuts down outside dining after fire marshal inspection - Jacksonville Business JournalFollowing an inspection Wednesday, The District — a Springfield bar and restaurant that has attracted an audience on Instagram and Tik-Tok as well as in real life — was immediately told to stop serving customers outdoors, according to two people briefed on the inspection.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

DeSantis seeks grand jury probe into Covid-19 shots - Jacksonville Business JournalSaying that COVID-19 vaccines have been “pushed on Americans,” Gov. Ron DeSantis on Tuesday asked the state Supreme Court to impanel a grand jury to investigate “wrongdoing in Florida” related to the shots.
Source: JaxBizJournal - 🏆 599. / 51 Read more »