Lender Processing Services Inc. (LPS) has announced that Jeffrey S. Carbiener is stepping down from his positions as chief executive officer, president and director of the company for significant health-related reasons, effective immediately. LPS' board of directors has established a committee to search for a replacement. In the interim, Lee A. Kennedy, the executive chairman of the board of LPS and the former chief executive officer of LPS' prior parent company, Fidelity National Information Services Inc., will serve in the additional roles of president and chief executive officer.
"I am proud of what this company has accomplished since its inception more than three years ago," said Carbiener. "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 has agreed to continue to serve in an advisory capacity to Mr. 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. We are fortunate to have a highly experienced and seasoned board and executive management team who I am confident will continue to successfully lead LPS during this transition."