Stephanie Ferris

Stephanie Ferris became President and CEO of Fidelity National Information Services (FIS) in 2023, tasked with salvaging value from one of the most disastrous acquisitions in financial technology history. FIS's $43 billion acquisition of Worldpay in 2019 — aimed at creating a combined banking technology and payments powerhouse — destroyed tens of billions in shareholder value as Worldpay's merchant acquiring business underperformed expectations and integration stalled. Ferris's most consequential decision was the sale of a 55% stake in Worldpay to private equity firm GTCR for $18.5 billion — effectively unwinding the merger at a massive loss but freeing FIS to refocus on its core banking technology business. The remaining 45% Worldpay stake was later further reduced. This restructuring left FIS as a focused banking technology, payments, and capital markets solutions company serving thousands of financial institutions worldwide. Her key priorities include accelerating organic revenue growth in the banking solutions segment, winning new cloud banking platform mandates, growing the capital markets technology business, and restoring investor confidence after years of underperformance. Ferris's decisions on product modernization (cloud-native banking platforms), pricing strategy, sales execution, and capital allocation (managing the remaining Worldpay stake and returning capital to shareholders through buybacks) are the primary stock drivers. Revenue growth acceleration and margin expansion are the most closely watched metrics.