8-KLeadership Changes

Fidelity National Information Services, Inc. 8-K Report, Executive Changes (Jan 16, 2018)

Filed January 16, 2018For Securities:FIS

Summary

Fidelity National Information Services, Inc. (FIS) announced a significant executive appointment via an 8-K filing on January 16, 2018, detailing Bruce Lowthers' transition to Chief Operating Officer of the Integrated Financial Solutions segment, effective January 13, 2018. This move positions a seasoned executive with extensive experience within FIS, particularly in its payments and sales operations, to lead a key business segment. Investors should note Mr. Lowthers' long tenure and diverse background within the company and its acquired entities, which suggests continuity and deep operational knowledge. Mr. Lowthers' prior roles, including heading the payments business and global sales operations, underscore his strategic importance to FIS. His appointment to COO of Integrated Financial Solutions is likely intended to drive growth and efficiency within this crucial division. The filing also explicitly states there are no family relationships or related-party transactions involving Mr. Lowthers, providing clarity on potential governance matters.

Key Highlights

  • 1Bruce Lowthers appointed Chief Operating Officer of the Integrated Financial Solutions segment.
  • 2Effective date of appointment: January 13, 2018.
  • 3Mr. Lowthers has been with FIS since 2007, holding various senior executive roles.
  • 4Extensive experience includes leadership of the payments business, product sales, and global sales operations.
  • 5Previous experience includes senior roles at eFunds and executive positions at four start-up companies.
  • 6No disclosed family relationships or related-party transactions between Mr. Lowthers and FIS.
  • 7Mr. Lowthers holds a B.A. in business administration and began his career as a CPA.

Frequently Asked Questions

Bruce Lowthers' appointment as Chief Operating Officer of the Integrated Financial Solutions segment signifies a key leadership change within FIS. Given his extensive experience within the company, particularly in the payments and sales divisions, this appointment suggests a strategic focus on driving operational efficiency and growth within this core business area.

Mr. Lowthers has a long and relevant history with FIS, having been with the company since 2007. He has held numerous executive positions, including head of its payments business, head of product sales and global sales operations, and general manager of its global payments software business. His prior experience also includes leadership roles at eFunds and start-up companies, providing a broad operational and industry perspective.

The filing explicitly states that there are no family relationships among the Company's directors or executive officers and Mr. Lowthers. Furthermore, there are no related-party transactions between the Company and Mr. Lowthers. This indicates a clear governance framework with no apparent conflicts of interest related to this appointment.