Frank Bisignano is Chairman of the Board, President and Chief Executive Officer of Fiserv, Inc. (NASDAQ: FISV), a global leader in financial services and payments technology solutions for financial institutions, businesses and consumers. The change could present an opportunity for Fiserv, which owns debit networks Star and Accel. In this role, he brings more than 25 years of global banking and financial technology experience to Fiserv and is responsible for the growth of the company in the Asia Pacific region. Tom served as Executive Vice President and Chief Administrative Officer of First Data Corporation prior to its merger with Fiserv in 2019. Chiarello has been recognized multiple times by Institutional Investor magazine among its Top Tech 50 and by Information Week as a Global CIO Top 50, was a NASSCOM CIO of the Year and is considered a key advisor by many leading Silicon Valley companies and technology CEOs in the industry. His previous contract, which was signed in 2019 and has been amended since then, had an initial term through July 2025, the companys proxy filing said. We will generate expanding margins, Bisignano asserted Monday. Subscribe to the Payments Dive free daily newsletter, Subscribe to Payments Dive for top news, trends & analysis. Bisignano has been Fiservs CEO since July 2020, succeeding previous CEO Jeff Yabuki. Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief Executive Officer. He has also held division general counsel and senior compliance roles with J.P. Morgan Chase & Co. and Marsh & McLennan. Prior to joining Fiserv, he served as CHRO with First Data. Under that policy, when the company enters into a new employment, severance or separation agreement with an executive officer that provides cash benefits exceeding 2.99 times the sum of the salary and target bonus, the company will include an advisory vote on that severance arrangement at its next annual shareholders meeting, according to, Webinar Let Payments Dive's free newsletter keep you informed, straight from your inbox. Fiserv CEO Frank Bisignano asserted in a December interview that the company's employee cuts were not made in response to last year's pressures, but reflected Fiserv's long-term strategy following the First Data merger. This commitment funded our Back2Business program, now in its second year, through which we have already awarded more than 1,400 grants to small, diverse businesses globally and bolstered the entrepreneurial ecosystems that sustain them. His previous contract, which was signed in 2019 and has been amended since then, had an initial term through July 2025, the companys proxy filing said. Chairman, President and Chief Executive Officer. For the first time since the merger of Fiserv and First Data, Fiserv provided data about its environmental impact through the Carbon Disclosure Project. watch now. Among a number of non-profit commitments, he serves on the boards of the National September 11 Memorial and Museum, the Mount Sinai Health System, and The Battery Conservancy; and is a member of Business Roundtable, a U.S.-based association of CEOs who use public policy to promote a thriving economy and expanded opportunities for Americans. Bisignano is a long-time supporter of the Republican Party, and Donald Trump in particular. Frank Bisignano . From the transformative power of intelligent technology we are delivering and its impact on the way people live and work, and the way money and information move, to the people-centered programs we are driving that are helping to address todays pressing issues, we are focused on creating impact through our actions to benefit our clients, associates and shareholders. [5][11][12][13] He oversaw a technological push at the company, and in 2014 First Data collaborated with Apple Inc. on Apple Pay. I am proud of the steps we have taken to advance our ESG program this year. Wilcox joined Fiserv in September 2020 as Chief of Staff for the Office of the CEO, gaining a deep understanding of day-to-day operations across the organization and working closely with the Fiserv leadership team on a wide range of operational effectiveness initiatives. Even as the payments and fintech company cut employees this year, it's hired thousands of workers, Fiserv CEO Frank Bisignano said during a Friday interview. In 2017, the New York Times reported that his compensation exceeded $100 million. Franks continued leadership enables us to create further value for our shareholders.. Patel is a graduate of the New York University Stern School of Business and is a CFA charterholder. Most recently, he served as Managing Director and Head of Citis North America Treasury and Trade Solutions business. At First Data, he managed two of the companys publicly reported segments, which included many of the solutions he manages at Fiserv today. He is a member of the Board of Directors for Finxact, Apiture and Verisk Analytics (VRSK), which he serves as Lead Independent Director. Prior to that, he was Senior Vice President, Enterprise Shared Services Counsel at USAA. Consumer spending remains strong, and Fiservs bank and merchant customers continue to show consistent demand for digital products, the CEO said, noting about 85% of the companys revenue is recurring in nature. Bisignano will also continue to serve as Chairman of the Board. Our commitment to creating a diverse and inclusive workplace remained strong in 2021 and the results of our efforts speak for themselves. BROOKFIELD, Wis. -- (BUSINESS WIRE)--Dec. 21, 2022-- Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, today announced that it has entered into a new employment agreement with Frank Bisignano to serve as President and Chief Executive Officer through December 2027. In November 2022, Fiservs board adopted an executive severance policyresembling a prior shareholder proposal that had won shareholder approval earlier last year. We facilitated 20 billion eCommerce transactions, Our people donated their time and nearly $1 million, supporting more than 2,000 causes during the year, We increased our commitment to helping small, minority-owned businesses in their recovery, Our business enables over 6 million merchant locations and over 10,000 financial institutions every year. The. During his tenure at First Data, Bisignano transformed the 48-year-old company from the worlds largest traditional payment processor into a technology innovator, industry collaborator, and commerce enabler for the 21st century. Yes, we did announce that we were going to relocate people, we were going to have synergies. Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, today announced that it has entered into a new employment agreement with Frank Bisignano to serve as President and Chief Executive Officer through December 2027. He is the driving force behind the companys Military and Veterans Affairs function which focuses on the employment of military members, their spouses and veterans who have sacrificed much to serve their country. View source version on businesswire.com: https://www.businesswire.com/news/home/20221221005599/en/, Media Relations: Britt ZarlingCorporate CommunicationsFiserv, Inc.+1 414-526-3107britt.zarling@fiserv.com Investor Relations: Julie Chariell Investor RelationsFiserv, Inc.+1 212-515-0278julie.chariell@fiserv.com, https://www.businesswire.com/news/home/20221221005599/en/. Frank Bisignano is Chairman, President and Chief Executive Officer of Fiserv, Inc. (NASDAQ: FISV), a global leader in financial services and payments technology solutions. We said when we were doing that, that we would be a different company, Bisignano said. VIDEO 05:44. Get started In this role he partners closely with the companys business leaders in the development and commercialization of the next generation of Fiserv solutions. Amid a tougher macroeconomic environment last year, Bisignano said the company is maniacally focused on expense management. He was appointed Chief Executive Officer of Fiserv in July of 2020. Frank Bisignano is Chairman of the Board, President and Chief Executive Officer of Fiserv, Inc. (NASDAQ: FISV), a global leader in financial services and payments technology solutions for financial institutions, businesses and consumers. BROOKFIELD, Wis., March 03, 2022--The Fiserv Board of Directors elected Frank Bisignano, President and Chief Executive Officer and a director of Fiserv, as Chairman of the Board. On Thursday, March 2, Frank Bisignano, Chairman, President, and Chief Executive Officer, will present at the Evercore ISI Payments & Fintech Innovators Forum, at 2:00 p.m. Before joining First Data, Bisignano served as Co-Chief Operating Officer and Chief Executive Officer of Mortgage Banking at JPMorgan Chase & Co. With more than 30 years of executive leadership experience in banks and global financial institutions, Bisignano also served in multiple leadership positions at Citigroup, including Chief Administrative Officer and Chief Executive Officer of the companys Global Transaction Services unit. Issuer Solutions includes credit and retail card processing, loans processing, customer communications, plastics manufacturing and personalization, commercial payments, and licensed financial software systems. The global pandemic and its continued effects, ongoing social challenges and a heartbreaking conflict in Ukraine all of this and more inform what we believe is expected from us that we must listen and act, driving innovation, corporate citizenship and environmental stewardship to create sustainable, positive outcomes for our stakeholders and our world. He is a graduate of Stanford Law School and Union College, where he graduated magna cum laude and was a member of Phi Beta Kappa. Google Maps. Let Payments Dive's free newsletter keep you informed, straight from your inbox. She holds an M.B.A. from Columbia Business School and a B.A. Fiserv shed employees and sold off business units in 2022 as it faced profit margin pressure. Investor Relations: Some workers were offered the chance to relocate to Berkeley Heights, New Jersey, where the company recently opened one of its hub facilities. Shub Mukherjee - Senior Vice President of Investor Relations. , The free newsletter covering the top industry headlines, Payoneer Survey Shows that UK-based and European Businesses Find Cross-Border Payments Challen, By signing up to receive our newsletter, you agree to our, Eugene Gologursky / Stringer via Getty Images. During his tenure at First Data, Bisignano transformed the 48-year-old company from the worlds largest traditional payment processor into a technology innovator, industry collaborator, and commerce enabler for the 21st century. We expanded our Scope 3 GHG emissions reporting to include categories beyond business travel. When asked about employee cuts the company has made this year, Bisignano said they werent in response to this years pressures. Prior to the combination of Fiserv and First Data Corporation, Chiarello was the President of First Data Corporation, a global leader in commerce-enabling technology. Issuer Name and: Ticker or Trading Symbol . Mr. Yabuki is doing nothing visible to preserve this company. During his career, Rosman also has served as Senior Vice President and Associate General Counsel at Cablevision Systems Corporation in Bethpage, NY and as a partner at the Washington D.C.-based law firm of Zuckerman Spaeder LLP, where he advised public companies and senior executives on a range of topics, including Sarbanes-Oxley. [1] Starting in 1994, he held a number of executive positions at Citigroup,[2] with American Banker writing that "he got his payments industry bona fides at Citi by running its massive global transaction services unit. So this is a long-term strategy..