Summary
Fidelity National Information Services, Inc. (FIS) announced a change in its Board of Directors structure via an 8-K filing on March 14, 2025. Director Lee Adrean, Chair of the Audit Committee, has decided not to stand for re-election at the upcoming 2025 annual shareholder meeting. This departure is amicable and not related to any disputes regarding the company's operations or policies. The company expressed gratitude for Mr. Adrean's 11 years of service, particularly his leadership of the Audit Committee. In response to Mr. Adrean's decision, the Board has appointed Nicole Anasenes as the new Chair of the Audit Committee, effective immediately. Ms. Anasenes, who joined the Board in October 2024, brings over 20 years of financial experience, including previous CFO roles and audit committee service at other public companies. This transition is expected to be smooth given her existing role on the Audit Committee. The Board size will also be reduced from ten to nine directors following the 2025 shareholder meeting.
Key Highlights
- 1Director Lee Adrean will not seek re-election at the 2025 annual shareholder meeting.
- 2Mr. Adrean's departure is amicable and not due to any disagreements with FIS.
- 3Nicole Anasenes appointed as the new Chair of the Audit Committee, effective immediately.
- 4Ms. Anasenes brings extensive financial expertise and prior audit committee experience to the role.
- 5The Board size will decrease from ten to nine directors after the 2025 shareholder meeting.
- 6Company leadership expressed appreciation for Mr. Adrean's 11 years of service and contributions.