Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief . With a deep commitment to clients and a proven track record of execution, Frank has been a driving force in the growth and global technology leadership at Fiserv, Doyle Simons, the companys lead director, said in a Dec. 21 press release regarding the new contract. Fiserv is a leading provider in these primary businesses and markets in EMEA, including the U.K., Ireland, Germany, Netherlands, Poland and the Middle East region. Moving forward, we plan to pursue LEED certification (or comparable certifications) for all of our newly occupied and/or renovated office locations, including our new office in New York and new Innovation Center in New Jersey. CEOsof three payments companies share how macroeconomic headwinds are affecting their businesses and how theyre seeing their firms through the uncertainty. Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief Executive Officer. Frank Bisignano - Wikipedia 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. 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. 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. So this is a long-term strategy.. Bisignano joined Fiserv through the companys 2019 acquisition of First Data, where he served as CEO at the time of the merger. These positions included three years as vice president of Enterprise Security, Risk and Compliance, leading security professionals across North America and Europe to create and enforce policies and standards through ongoing internal risk assessments, the facilitation of external assessments and consulting services. Over the course of his career, Wilcox has developed significant expertise with bank and insurance regulatory matters, corporate real estate, intellectual property, procurement, litigation, and mergers and acquisitions. Himanshu Patel is Co-Head of the Banking organization at Fiserv, Inc. While at First Data, he was Executive Vice President, Head of Corporate and Business Development and Co-Head of Global Financial Solutions. Fiserv has a bunch of discretionary spend, he said, and executives know how to manage expenses very, very well.. He explained how the company has had to target cost control in the past, particularly after its 2019 merger with First Data. 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. 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. As Head of Global Business Solutions, Suzan Kereere oversees the companys merchant-focused offerings, including the Clover business management platform and Carat enterprise omnichannel commerce platform. The contract extends Bisignanos term as the Brookfield, Wisconsin-based companys chief executive and president to Dec. 21, 2027. We established an Energy and Sustainability team to work on all future real estate initiatives. He also led its $2.6 billion initial public offering in 2015, the largest U.S. IPO of the year. Marin is a Board Member of CTEEP, the largest electricity transmission company in Brazil and Latin America. Fiserv, Inc. (NASDAQ:FISV) Q4 2021 Earnings Conference Call February 8, 2022 8:00 AM ETCompany Participants. Wilcox received his undergraduate degree from Duke University and his Juris Doctor degree from the Georgetown University Law Center. He became Chairman of the Board in May of 2022. Global payments provider Fiserv has promoted Frank Bisignano to CEO, the company announced in a press release Thursday (May 7).. Its Board of Directors unanimously elected Bisignano to succeed . The contract, which took effect Dec. 21, 2022, increases Bisignanos annual salary to $1.4 million, with the Securities and Exchange Commission. Fiserv, Inc. (NASDAQ: FISV) aspires to move money and information in a way that moves the world. Subscribe to the Payments Dive free daily newsletter, Subscribe to Payments Dive for top news, trends & analysis. Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief . 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. Fiserv, a Payments and financial services giant, has named Frank Bisignano as its new chief executive officer (CEO) in an official announcement on Thursday. Our Employee Resource Groups were instrumental in guiding decisions on where our financial support would create the greatest impact and we donated to more than 180 organizations globally. With experience at Fortune 100 companies across global business lines and regional high growth start-ups, Kereere is well-recognized for her accomplishments in digital transformation, sales optimization, front-line customer engagement, and inclusive growth. Fiserv headquarters in Brookfield, Wisconsin. He played a critical role in leading the $2.6 billion First Data IPO in late 2015 and was a key partner in multiple strategic transactions including the combination of First Data with Fiserv in 2019. Hau holds a masters degree in business administration from the USC Marshall School of Business and a bachelors degree in business administration from Marquette University. In the U.S. alone, Fiserv solutions reach nearly 100% of U.S. households. Frank Bisignano Takes Over As Fiserv CEO | PYMNTS.com The Fiserv Board of Directors elected Frank Bisignano, President and Chief Executive Officer and a director of Fiserv, as Chairman of the Board. 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 Get started Saturday, February 26th, Syracuse University honored Fiserv President and CEO and proud Syracuse parent Frank Bisignano, along with his wife Tracy and other family members, including Sam '11 and Morgan Lituchy '11, with the unveiling of the Bisignano Grand Hall and the Bisignano Family Programs and Services Wing at the National Veterans Resource Center (NVRC) at the Daniel and Gayle D . She is a Certified Public Accountant and Certified Information Security Manager. New contract will keep Frank Bisignano as Fiserv CEO through 2027 The same notice requirement applies when Fiserv establishes a new severance policy that affects such severance cash benefits. ET, Presented by studioID and Dun and Bradstreet, Investors press FIS, Fiserv for divestitures, Fiserv hired thousands of workers this year, CEO says, CEOs Sound Off: Payments execs navigate economic turmoil, Synchrony, Bread brace for potential late fee cap impact, Identity verification in the era of digital payments, How Restaurants Can Turbocharge Loyalty Programs with Payment Data. She is also a participant in the annual FORTUNE Most Powerful Women Summit and was recently named to the Atlanta 500. Her background also includes leadership roles at American Express, including head of U.S. National Merchant Business and head of Global Network Business. He has previously served on numerous prestigious boards, including TAESA, Santander Asset Management UK, the Brazilian Federation of Banks (FEBRABAN) and International Advisory Board of Thomson Reuters. Payments giant Fiserv has signed a new five-year employment contract with CEO Frank Bisignano that gives him a 6% salary boost. Its very normal in a merger to be recruiting, while also consolidating,Bisignano said. Frank Bisignano . The new contract also includes a variety of governance enhancements to more closely align with market standards. Throughout his career, Marino has been a champion of diversity and inclusion efforts. 255 FISERV DRIVE (Street) BROOKFIELD. I like to believe that were maniacally focused where we need to be on what things to pull back and what things to continue, Bisignano said. Get started . Previously, Wilcox was Senior Vice President and Associate General Counsel at First Data. Fiserv hired thousandsof employees globally this year, even as others were cut from the payments technology company because they were unwilling to relocate, the company's CEO said in an interview with Payments Dive. So were going to talk to our clients, both on the issuing side and merchant side, and do exactly what they want. Fiserv's downtown Milwaukee office 'wasn't a hard decision,' CEO says Prior to joining First Data, he served on the Executive Committee and was the Head of Operational Control at JPMorgan Chase & Co. [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. Visit fiserv.com and follow on social media for more information and the latest company news. , 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. The change could present an opportunity for Fiserv, which owns debit networks Star and Accel. Marino also served as CHRO at Ally Financial, where he was instrumental in the restructuring and turnaround of the nations largest auto finance company. watch now. Franks continued leadership enables us to create further value for our shareholders.. 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. 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. Could Early Warnings bank wallet have a bigger goal? 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. Early in 2021, we increased our commitment to helping small, minority-owned businesses from $10 million to $50 million. He is also a member of the Board of Directors for BlueVoyant. With a deep commitment to clients and a proven track record of execution, Frank has been a driving force in the growth and global technology leadership at Fiserv, said Doyle Simons, Lead Independent Director of the Board of Directors. Still. Fiserv actually ended up shaving $1.2 billion in half that time, and stopped counting synergies at the end of last year when we hit the $1.2B number, Cave said in an email. At Fiserv, he initially led the companys day-to-day operations as President and Chief Operating Officer before assuming the role of Fiserv Chief Executive Officer in July 2020. Fiserv CEO Frank Bisignano getting a slight raise in 2023 with new 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 . Subscribe to the Payments Dive free daily newsletter, Subscribe to Payments Dive for top news, trends & analysis. He was appointed Chief Executive Officer of Fiserv in July of 2020. [20] In December of 2022 Bisignano signed a new contract with Fiserv to serve as president and CEO until 2027. Todd Horvath is Co-Head of the Banking organization at Fiserv, Inc. We said when we were doing that, that we would be a different company, Bisignano said. Frank Bisignano, Fiserv CEO, joins 'Squawk on the Street' to discuss the company's quarterly earnings beat, the company's future outlook and more.