Fidelity National Info (FIS) has released an update.
Fidelity National Information Services, Inc. (FIS) has undergone significant executive changes with Erik D. Hoag transitioning from CFO to a non-executive role, focusing on managing FIS’s separation from Worldpay. Hoag will receive an annual salary, performance-based incentives, and equity grants during this period. Additionally, Ido Gileadi will depart as COO, moving into a consulting role to support FIS through the divestiture process and other initiatives, compensated with a monthly fee and potential one-time payments. Both executives have provisions for termination and benefits in their agreements, reflecting the strategic shifts within FIS’s leadership structure.
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