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Chief Executive of Lender Processing Services Resigns

""Lender Processing Services"":http://www.lpsvcs.com (LPS) announced Wednesday that Jeffrey S. Carbiener has stepped down from his positions as CEO, president, and company director for health-related reasons, effective immediately.
[IMAGE] The Florida-based provider of technology, services, and loan performance data to the mortgage and real estate industries, has established a committee to search for new leadership.

In the interim, Lee A. Kennedy, executive chairman of the board and former CEO of LPS's prior parent company,


Fidelity National Information Services, Inc., will take on the responsibilities of president and CEO.

""I am proud of what this company has accomplished since its inception more than three years ago,"" Carbiener said in a statement. ""LPS has clearly established itself as an industry leader and a key strategic partner for our customers, and I believe that LPS is well-positioned for future success. Although I would very much like to continue leading our outstanding team, because of recent changes in my health, I have made the decision to resign.""

Carbiener will continue to serve in an advisory capacity to Kennedy and the LPS board of directors.

""Jeff has been an outstanding leader for our company during a difficult period in the mortgage industry,"" said Kennedy. ""The LPS board of directors greatly appreciates the strong vision and business acumen Jeff has demonstrated since the launch of the company three years ago. However, we fully understand, respect, and support his decision to resign in light of his health issues.""

Kennedy added, ""We want to thank Jeff for all his contributions to our company and wish him a swift return to improved health.""

About Author: Heather Cernoch


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