Most recently, Kereere served as Chief Growth Officer at Fiserv, leading enterprise strategy and business development initiatives to enhance client value and accelerate growth. Fiserv has a bunch of discretionary spend, he said, and executives know how to manage expenses very, very well.. 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. We established an Energy and Sustainability team to work on all future real estate initiatives. Yabuk is stepping down after heading the company for 15 years. In this role he partners closely with the companys business leaders in the development and commercialization of the next generation of Fiserv solutions. 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. 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. 255 FISERV DRIVE (Street) BROOKFIELD. 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. Its very normal in a merger to be recruiting, while also consolidating,, Webinar 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. But even as Fiserv made cuts,the company hired thousands of workers last year, Bisignano told Payments Dive during a recent interview. , 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. Investor Relations Still, thousands "certainly seems a lot higher than what we would expect," he said in an email. Board of Directors | Fiserv, Inc. He is a philanthropic leader who has been recognized by numerous organizations for his charitable efforts. Fiserv, a Payments and financial services giant, has named Frank Bisignano as its new chief executive officer (CEO) in an official announcement on Thursday. Gustavo Marin is Head of Latin America at Fiserv, Inc., where he is responsible for the growth of the company in the Latin American region. The company serves clients in more than 100 countries, and has been recognized as one of FORTUNE World's Most Admired Companies for 11 of the past 14 years. Fiserv to Present at Upcoming Investor Conferences Bisignano will also continue to serve as Chairman of the Board. Could Early Warnings bank wallet have a bigger goal? Ivo Distelbrink is Head of Asia Pacific at Fiserv, Inc. Some workers were offered the chance to relocate to Berkeley Heights, New Jersey, where the company recently opened one of its hub facilities. While at First Data, he was Executive Vice President, Head of Corporate and Business Development and Co-Head of Global Financial Solutions. Get the free daily newsletter read by industry experts, The e-commerce juggernaut said its offeringa new digital wallet service toits sellersand planning to roll it out more broadly over the next few months.. 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. Issuer Solutions includes credit and retail card processing, loans processing, customer communications, plastics manufacturing and personalization, commercial payments, and licensed financial software systems. Chief Administrative Officer and Chief Legal Officer. In this role, Horvath is jointly responsible for enabling the success of Fiserv financial institution and fintech clients through the development and delivery of innovative card payment, debit network, digital payment, bill payment, data aggregation, digital banking and account processing solutions. Fiserv hired 'thousands' of workers this year, CEO says As Chief Marketing Officer for Fiserv, Inc., Leigh Asher leads brand strategy, corporate communications and creative direction worldwide, as well as oversees market research and marketing technology and operations. Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief Executive Officer. ET. 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 . VIDEO 05:44. In this role, Gibbons is responsible for leading the business across the EMEA region, where Fiserv has operations in 13 countries and provides issuing, payments software, merchant acquiring and processing services to financial institutions, Fintechs, enterprise and small- and medium-sized businesses. Fiserv, Inc. (NASDAQ:FISV) Q4 2021 Earnings Conference Call February 8, 2022 8:00 AM ETCompany Participants. Bisignano joined Fiserv in 2019 as its president and chief operating officer through Fiserv's $22 billion all-stock acquisition of New York City-based First Data Corp., of which Bisignano. He has lectured extensively as an Adjunct Professor of Law at Georgetown University Law Center. Remarks: /s/ Eric C. Nelson (attorney-in-fact) In 2017, the New York Times reported that his compensation exceeded $100 million. Bisignano is a long-time supporter of the Republican Party, and Donald Trump in particular. , 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, Ilya S. Savenok / Stringer via Getty Images. Bisignano . Tom attended the U.S. 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. 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. When asked about employee cuts the company has made this year, Bisignano said they werent in response to this years pressures. As the operating system for commerce and money movement across our global client base of businesses, banks, credit unions large and small and fintechs, were helping our clients grow by extending our platform to capture new services and new money flows; and doing so in a way that respects our environment, supports and fosters equitable communities, and uses the power of data in a responsible manner. Prior to First Data, Gelb had a distinguished career at Citi, which included nearly two decades in a variety of roles around the globe, including in the United States, Japan, United Kingdom, New Zealand, and Nigeria, among others. Prior to joining First Data, Sebby served as an Audit Manager at Deloitte where she was responsible for audits in multiple industries. A Message From Frank J. Bisignano Dear Stakeholders, . Fiserv Spokesperson Ann Cave declined to share a more specific figure, but said thousands encompasses hiring across all geographies where Fiserv has a presence and represents all areas of the business. Some hiring has been for new roles,while in other situations, the company replaced employees who left, she said. She is responsible for the Fiserv portfolio of client engagement platforms, such as the companys annual Forum client conference, and was instrumental in establishing a multi-year naming rights agreement for Fiserv Forum, a state-of-the-art sports and entertainment venue in Milwaukee. At the end of the new agreements five-year period, the employment agreement automatically renews for one-year terms unless either Bisignano or the company seeks to terminate it, according to the contract attached to the filing. He is a U.S. Navy veteran and serves on a number of charitable boards to include the CIA Officers Memorial Foundation, OSS Society, Business Executives for National Security, the Intrepid Sea, Air and Space Museum, USO of Greater New York, Meridian International Center, Wilson Center, and the Tug McGraw Foundation. Naval War College and completed the Program on Leadership for Senior Executives at the JFK School of Government at Harvard University. 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. watch now. I am proud of the steps we have taken to advance our ESG program this year. Fiserv actually ended up shaving $1.2 billion in half that time, and, We said when we were doing that, that we would be a different company,, Yes, we did announce that we were going to relocate people, we were going to have synergies. FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION SEC Form 4 Shub Mukherjee - Senior Vice President of Investor Relations. Omnichannel commerce, billing and payments solutions for large merchants and corporates, All-in-one systems for merchants to accept payments and manage their business, Platforms and integrated digital banking solutions to drive customer relationships and growth, Platforms and integrated digital solutions to better serve members, Digital banking, payments and solutions at scale for largest institutions, Financial and payments solutions and connectivity that enable technology providers to quickly reach consumers and new markets, Payments and financial solutions for government, education and utilities, Corporate information, values and history, Financial information and shareholder services, Our commitment to governance, social responsibility, the environment and giving back, Our commitment to a positive workplace for all associates, Details around our annual client conference, Don't have a Fiserv.com profile? Webinar The contract, which took effect Dec. 21, 2022, increases Bisignanos annual salary to $1.4 million, according to a filing with the Securities and Exchange Commission. He also served as chairman of the University of North Carolina-Wilmington International Advisory Board. Keep up with the story. Let Payments Dive's free newsletter keep you informed, straight from your inbox. He is a member of the Board of Directors for Finxact, Apiture and Verisk Analytics (VRSK), which he serves as Lead Independent Director. [17], A 2018 Bloomberg editorial suggested that in 2013, Bisignano might have been the source of a leak regarding a Federal investigation into possible manipulation of US energy markets by JP Morgan. At First Data, now Fiserv, he was instrumental in the development of eight employee resource groups (ERGs), which provide career development, networking, and volunteerism opportunities to 40,000 associates worldwide. And that should be worth more than zero., He acknowledged the move creates a bunch of opportunity, both on the issuing side and on the merchant side., Get the free daily newsletter read by industry experts. In 2022, we plan to assess our climate-related risks and opportunities, and provide disclosures consistent with the Task Force on Climate-Related Financial Disclosures (TCFD) standards. Previously, Hau served as Chief Financial Officer for Lennox International Inc. Hau also spent 22 years at Honeywell International Inc. in a variety of progressive financial and operations leadership roles, including serving as Chief Financial Officer of its Aerospace Business Group, Specialty Materials Business Group and Aerospace Electronic Systems Unit. 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. The company serves clients in more than 100 countries, is one of Fortune Worlds Most Admired Companies, and was named among the Worlds Most Innovative Companies by Fast Company in 2021 and 2022. New contract will keep Frank Bisignano as Fiserv CEO through 2027 Politics. watch now. Britt ZarlingCorporate Communications 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. The Federal Reserve plans to unleash a U.S. real-time payments systemnext year in the form of FedNow, but its an open question as to whether, or how, consumers and businesses will adoptinstant payments. [5][11][12][13] He oversaw a technological push at the company, and in 2014 First Data collaborated with Apple Inc. on Apple Pay. At First Data, he managed two of the companys publicly reported segments, which included many of the solutions he manages at Fiserv today. In 2021, Bisignanos total compensation was $20.4 million, according to the proxys summary compensation table. He became Chairman of the Board in May of 2022. Previously, Gelb was Executive Vice President at First Data Corporation since 2014. 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. Visit fiserv.com and follow on social media for more information and the latest company news. Prior to this, Patel served as EVP and Chief Financial Officer at First Data beginning 2015, and as EVP of Strategy, Planning, and Business Development beginning in 2013. US Treasury to Lead Working Group Looking at Digital Dollar, Worldpay and FIS: the original sin that tore up a $43bn merger, 2023 Economic Insight & Best Practices in Financial Risk Management, Instant Bank Payments: The Promise of a Faster Future.