leadership
confidence high
sentiment neutral
materiality 0.40
FIS enters employment amendments with former CFO Erik Hoag and former COO Ido Gileadi for transition services
Fidelity National Information Services, Inc.
- Erik Hoag, former CFO, will remain as non-executive employee to manage Worldpay separation through June 30, 2025 with $600k base salary and 125% target bonus.
- Ido Gileadi, former COO, will transition to consultant from March 1, 2024 to Dec 31, 2024 with monthly fee of $49,000 and up to $3M in one-time payments.
- Hoag’s role includes managing FIS’s 45% equity interest in Worldpay and building strategic partnership with GTCR.
- Gileadi’s consulting services support Worldpay divestiture, banking centralization, and EBITDA improvement initiatives.