Financial services technology company FIS has announced that Stephanie L. Ferris, who is currently the firm’s president, has been appointed president and CEO effective Jan. 1, 2023. She has also been appointed to the FIS board of directors.
Ferris will succeed Gary Norcross, FIS’ current CEO and chairman of the board of directors, who will become executive chairman of the board, FIS said Tuesday (Oct. 18) in a press release.
“Continually growing and developing FIS leadership talent, including succession planning, has remained a key focus of my agenda with our board,” Norcross said in the release. “Since joining FIS, Stephanie has continually demonstrated tremendous leadership and bold actions in achievement of our goals. The board and I are extremely confident in her ability to lead FIS in its next chapter of growth and transformation.”
As president of FIS, Ferris has steered and executed the company’s global business strategy and its global business operations, led the integration of Worldpay into FIS and has been integral to the global growth of FIS, according to the release.
Before joining FIS, Ferris served as chief financial officer of Worldpay, the global merchant acquirer that FIS acquired in 2019.
Read more: Stephanie Ferris Rejoins FIS as Chief Administrative Officer
“Few companies can match FIS’ rich, stellar history, industry-best breadth and scale, and focus on innovation,” Ferris said in the release. “We are uniquely positioned to chart the course for FinTech innovation, and thanks to the confidence placed in me by Gary and FIS’ Board of Directors, I’m incredibly excited to lead the company into its future.”
Under Norcross’ leadership, FIS has grown from a $6 billion business to a $14 billion global business, leveraged cloud technologies at scale, launched an enterprise-wide modernization initiative and is continuing to drive real-time and digital experiences, the release stated.
