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- Ellen Alemany and Louise Parent recognized as FIS board directors.
- Co-chief operating officer Marianne Brown recognized as director for Northrup Grumman.
JACKSONVILLE, Fla., Nov. 21, 2018 – FIS™ (NYSE: FIS), a global leader in financial services technology, today announced that board members Ellen Alemany and Louise Parent have been named to the 2018 Most Influential Corporate Board Directors by WomenInc. Magazine. In addition, FIS co-chief operating officer Marianne Brown has been recognized as a WomenInc. 2018 most influential director for her contributions as a director of Northrup Grumman.
WomenInc. reviewed the boards of S&P 500 publicly held companies for its inaugural recognition of the most influential women corporate directors. The list represents one of the most comprehensive evaluations of women executives, influencers and achievers contributing leadership to corporate boards.
“Congratulations to Ellen, Louise and Marianne for this well-deserved honor,” said Gary Norcross, FIS chairman, president and CEO. “We, our shareholders and our customers are truly privileged to benefit from the experience and industry knowledge that Ellen, Louise and Marianne bring to our company. We are thrilled that they have been recognized.”
Ellen Alemany joined the FIS board in 2014. She has nearly 40 years of experience in the financial industry, and currently serves as chair, CEO and president of CIT Group, Inc. Ellen previously served as chair and CEO of RBS Americas, and chair and CEO of The Royal Bank of Scotland Citizens Financial Group.
Louise Parent joined the FIS board in 2017. She has more than 36 years of industry experience, and previously served as executive vice president and general counsel of American Express Company.
Marianne Brown, who currently serves as chief operating officer of FIS’ Global Financial Solutions business segment, has been on the board of directors of Northrup Grumman since 2015.
The full 2018 Most Influential Corporate Directors list will appear in the winter edition of WomenInc.
FIS is a global leader in financial services technology, with a focus on retail and institutional banking, payments, asset and wealth management, risk and compliance, and outsourcing solutions. Through the depth and breadth of our solutions portfolio, global capabilities and domain expertise, FIS serves more than 20,000 clients in over 130 countries. Headquartered in Jacksonville, Fla., FIS employs more than 52,000 people worldwide and holds leadership positions in payment processing, financial software and banking solutions. Providing software, services and outsourcing of the technology that empowers the financial world, FIS is a Fortune 500 company and is a member of Standard & Poor’s 500® Index. For more information about FIS, visit www.fisglobal.com.
Omitted from the framework is any mention of changing 401(K) plan contributions to after-tax roth contributions, either in whole or in part."
I don�t think anyone wakes up in the morning, and brushes their teeth, thinking about merchant processing. But the team at FIS does."
It has been estimated that �Rothification� of contributions could raise more than $600 billion over 10 years. The estimate is suspect, however, because it does not consider the future loss of tax revenue when Roth amounts are withdrawn from plans tax free. Earlier tax reform proposals included Rothification provisions that were broadly opposed by the retirement plan community and many key members in Congress. Sixteen Democrats in Congress recently sent a letter to the Big Six urging them to resist using Rothification as a revenue raiser. While it currently seems that such an approach is off the table, tax reform is tricky business and will be full of twists and turns as it proceeds. The current political environment is unpredictable and if you thought health care reform was complicated, this endeavor may make it look like child�s play.