Former Chief Financial Officer (CFO) of FIS Bill Weaver has decided to stay on at the company to oversee the transition following its acquisition of Worldpay.
Weaver, who has been with FIS since 2013, played a key role in the $43 billion acquisition deal with Worldpay, which closed in July of this year. The merger created one of the largest fintech companies in the world, with a combined revenue of over $12 billion.
As the CFO of FIS, Weaver was instrumental in managing the company’s financial strategy and overseeing its growth and expansion. His decision to stay on to oversee the transition to integrate Worldpay into the company’s operations demonstrates his commitment to ensuring a smooth and successful merger.
Under Weaver’s leadership, FIS has seen significant growth and success, with the company’s stock price reaching record highs and its market value increasing substantially. His expertise and financial acumen have been key drivers of FIS’s success, and his continued involvement in the company’s operations will undoubtedly be beneficial during this critical transition period.
The merger with Worldpay represents a major milestone for FIS and positions the company as a leader in the rapidly evolving fintech industry. With Weaver at the helm, FIS is well-positioned to capitalize on the opportunities presented by this transformative merger and drive continued growth and innovation in the years to come.
In conclusion, Bill Weaver’s decision to stay on at FIS to oversee the Worldpay transition is a testament to his dedication to the company and its continued success. His leadership and strategic vision will be invaluable as FIS embarks on this new chapter in its growth trajectory.