Stephanie Ferris Rejoins FIS as Chief Administrative Officer

FinTech FIS on Wednesday (Sept. 8) announced the appointment of former FIS and Worldpay executive Stephanie Ferris to its executive leadership team as chief administrative officer on Sept. 2.

In this new position, Ferris will report to Chairman and CEO Gary Norcross and will “work in partnership with FIS business and corporate leaders including strategy, mergers and acquisitions and key strategic initiatives that are focused on efforts to enhance client and shareholder value,” according to the press release.

“I am thrilled to re-join the FIS family,” Ferris stated in the announcement. “I believe in the company’s strategically competitive position to advance commerce and the financial world. FIS’ breadth of capabilities and world-class scale create sustainable competitive advantages. I look forward to working with the team to help accelerate our strategies for client and shareholder value as we advance the way the world pays, banks and invests.”

Ferris was chief operating officer of FIS from January 2018 until her new appointment, where she was responsible for driving technology transformation and the global integration of FIS and Worldpay. Before joining FIS, she served as chief financial officer of Worldpay, a global merchant acquirer, which FIS acquired in 2019.

“I am very excited to welcome Stephanie back to FIS. She is a remarkable talent with a vision for industry transformation and a record of value-generating growth,” said Norcross, per the press release.

“In this new role, Stephanie will be a pivotal leader in driving our next generation of success. I am very pleased to partner with her again on the continued execution of our strategy,” Norcross said.

Ferris is also an independent director on the Board of Directors of Lululemon Athletica, Inc., and is a member of the clothing brand’s audit committee.

Late last year, FIS and Global Payments were discussing a $70 billion merger that never materialized. The deal was reportedly in “advanced talks,” according to a Wall Street Journal report, but they broke down unexpectedly.

Read more: FIS, Global Payments Eyed Merger, but Talks Broke Down, Report Says