8-KLeadership Changes

Fidelity National Information Services, Inc. 8-K Report, Executive Changes (Mar 9, 2021)

Filed March 9, 2021For Securities:FIS

Summary

Fidelity National Information Services, Inc. (FIS) announced a key leadership change via an 8-K filing on March 9, 2021. Bruce Lowthers has been appointed as the new President of the Company, effective immediately. This move sees Gary Norcross, who previously held both the President and CEO titles, retain his roles as Chairman and Chief Executive Officer, separating the President function. This appointment is significant as it elevates an internal executive with extensive experience within FIS, particularly in critical banking and payment solutions segments. Mr. Lowthers brings a deep understanding of FIS's operations, having held various leadership positions since 2008, most recently as President, Banking and Merchant Solutions. His promotion to President suggests a strategic decision to leverage his operational expertise and leadership within the core business areas. Investors should view this as a move to strengthen executive leadership and potentially drive further growth and efficiency in the company's key segments.

Key Highlights

  • 1Bruce Lowthers appointed as President of FIS, effective March 9, 2021.
  • 2Gary Norcross will continue to serve as Chairman and CEO, separating the President role.
  • 3Mr. Lowthers has extensive experience within FIS, holding various leadership roles since 2008.
  • 4Prior to this appointment, Mr. Lowthers served as President, Banking and Merchant Solutions.
  • 5His tenure at FIS includes leadership in Global Payments, Retail Payments, and product sales.
  • 6The appointment does not involve any specific arrangements, undertakings, family relationships, or related party transactions with Mr. Lowthers.

Frequently Asked Questions

This 8-K filing announces the appointment of Bruce Lowthers as the new President of Fidelity National Information Services, Inc. (FIS), effective March 9, 2021, and clarifies the ongoing roles of Gary Norcross as Chairman and CEO.

Gary Norcross, who previously held the titles of President, Chairman, and CEO, will now retain his positions as Chairman and Chief Executive Officer. The President role has been separated and filled by Bruce Lowthers.

Bruce Lowthers is a long-tenured executive at FIS, having joined in 2008. He has held numerous leadership positions, most recently as President, Banking and Merchant Solutions. His experience spans various critical segments of the company, including payments and banking solutions.

No, the filing explicitly states there are no arrangements or undertakings under which Mr. Lowthers was selected, no family relationships with directors or officers, and no related party transactions between the company and Mr. Lowthers.