Lender Processing Services (LPS) CEO and president Jeffrey Carbiener is stepping down effective immediately for what the company said are significant health-related reasons.

LPS’s executive chairman of the board and former CEO Lee Kennedy is temporarily taking on Carbiener’s responsibilities.

The board said it has established a committee to search for a permanent replacement.

Carbiener has agreed to continue to serve in an advisory capacity to Kennedy and the board, according to the company.

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