Fidelity National Information Services, Inc. (NYSE: FIS) today announced that its Lender Processing division, which the company plans to spin off in mid-2008, will be named Lender Processing Services, Inc. (LPS).
Jeff Carbiener, currently Executive Vice President and Chief Financial Officer of FIS, will be President and Chief Executive Officer of LPS.
"Jeff has strong financial and operational experience and has been an integral part of the company since the Certegy acquisition in 2006," said William P. Foley II, Executive Chairman of FIS. "The LPS management team, under Jeff's leadership, has the experience and expertise to support the current and future success of LPS."
After the spin off, the following LPS executives will report to Carbiener: Dan Scheuble, Executive Vice President of the Mortgage Processing Services division; Eric Swenson, Executive Vice President of the Mortgage Information Services division; Fred Parvey, Executive Vice President and Chief Information Officer; and Francis Chan, Executive Vice President and Chief Financial Officer. Chan is currently Senior Vice President and Chief Accounting Officer of FIS. Parag Bhansali recently joined FIS and will serve as Senior Vice President of Investor Relations for LPS. Prior to joining FIS, Bhansali served as Vice President of Finance at Rayonier Inc. and Vice President of Corporate Development and Strategy at Covance Inc.
Lee Kennedy will continue to serve as President and Chief Executive Officer of FIS. As previously announced, reporting to Kennedy are Gary Norcross, Executive Vice President and Chief Operating Officer, and Frank Sanchez, President of Strategic Development. Norcross will be responsible for all global banking business, including Integrated Financial Solutions, Enterprise Banking and International. Sanchez will be responsible for all strategic development initiatives worldwide.
George Scanlon recently joined FIS as Executive Vice President of Finance. After the spin off is complete, Scanlon will assume the role of Chief Financial Officer. Scanlon most recently served as Chief Financial Officer for BFC Financial Corporation and has significant expertise in finance and accounting. Scanlon also served as Chief Financial Officer for Levitt Corporation and Datacore Software Corporation, and as Controller for Ryder System. Mary Waggoner will continue to serve as Senior Vice President of Investor Relations for FIS.