Foley Gives Up LPS Post

William P. Foley II will give up his post as chairman of Lender Processing Services Inc., Jacksonville, Fla., effective on March 15. He will retain his other positions as chairman of both Fidelity National Financial and Fidelity National Information Systems; FIS and LPS were both spun out from FNF. FIS president and chief executive Lee A. Kennedy will become the non-executive chairman of LPS. Daniel D. (Ron) Lane and Cary H. Thompson will retire from LPS's board and Jeff Carbiener, who is LPS's president and CEO, John F. Farrell Jr. and Philip G. Heasley will join the board on March 15. Mr. Farrell was president of North American Mortgage Corp. between 1985 and 1997. Mr. Heasley is the president and CEO of ACI Worldwide. Inc. The LPS compensation committee approved a one-time separation payment totaling $6.8 million to Messrs. Foley, Thompson, and Lane.