Summary
Fidelity National Information Services, Inc. (FIS) announced a strategic expansion of its Board of Directors with the appointment of two seasoned industry professionals, Alexander Navab and Brian T. Shea. This move, effective June 11, 2018, increases the board size from eight to ten directors and aims to leverage the extensive experience of the new appointees in financial services, investment management, and global enterprise operations. Mr. Navab brings a strong background from Kohlberg Kravis & Roberts & Co. (KKR), where he held significant leadership roles in private equity and was involved in mergers, acquisitions, and corporate finance. Mr. Shea, with a career spanning Pershing, LLC and The Bank of New York Mellon Corporation (BNY Mellon), offers deep expertise in financial technology, global operations, and corporate governance. Both directors will receive equity grants as part of their compensation, aligning their interests with those of the company's shareholders and reflecting the board's commitment to bringing in high-caliber talent to guide FIS's strategic direction and long-term value creation.
Key Highlights
- 1FIS appointed Alexander Navab and Brian T. Shea to its Board of Directors, expanding the board to ten members.
- 2Alexander Navab has extensive experience from KKR in private equity, M&A, and corporate finance.
- 3Brian T. Shea brings significant experience from BNY Mellon in financial technology, global operations, and corporate governance.
- 4The appointments are intended to enhance the board's expertise in areas critical to FIS's strategic growth.
- 5Both new directors will receive a one-time equity grant valued at $150,000, vesting over three years.
- 6New directors will participate in the standard compensation program for non-management directors.