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. Still, others have noted Fiservs margin expectation for 2022 may prove difficult to achieve. We established an Energy and Sustainability team to work on all future real estate initiatives. Bisignano has been Fiservs CEO since July 2020, succeeding previous CEO Jeff Yabuki. "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. Payments giant Fiserv has signed a new five-year employment contract with CEO Frank Bisignano that gives him a 6% salary boost. For the second consecutive year, Fiserv has been designated a Best Place to Work for LGBTQ+ Equality in the Human Rights Campaign Foundations 2022 Corporate Equality Index, which benchmarks corporate policies, practices and benefits pertinent to LGBTQ+ employees. Let Payments Dive's free newsletter keep you informed, straight from your inbox. Bisignano will replace Jeffery Yabuk and will take over for the company's apex position on July 1. Our commitment to being good stewards of our environment continued. When asked how Fiservwould adapt in the event of an economic downturn, Bisignano, speaking Monday at Citis 2022 FinTech Conference in New York, touted the resilience and durability of the companys business. Bisignano also was asked about the impact of a new Federal Reserve debit ruleaimed at increasing competition in the industry. Previously, his base salary was $1.32 million, according to the companys 2022 proxy filing. He also led its $2.6 billion initial public offering in 2015, the largest U.S. IPO of the year. Andrew earned his MBA at Cornell University and his BA at Oberlin College. 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, 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. Brookfield, Wisconsin-based Fiserv has shed workersthis year while grappling with profit margin pressure. Still, thousands "certainly seems a lot higher than what we would expect," he said in an email. Most recently, Chiarello served as Chief Administrative Officer at Fiserv, overseeing the companys technology and operations. 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. The new contract also includes a variety of governance enhancements to more closely align with market standards. 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. Bisignano is a long-time supporter of the Republican Party, and Donald Trump in particular. His background also includes serving as Assistant U.S. Attorney and Deputy Staff Secretary to President Bill Clinton from 2000 to 2001. And I think our banking set of operating systems are of mission-critical nature for our financial institutions., The company has invested more in recent years and could slow the pace of investments if needed, Bisignano noted. FISERV INC [ FISV] 5. Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief Executive Officer. 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. 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. Phil Murphy and Fiserv CEO Frank Bisignano will hold a ceremony Thursday morning in Berkeley Heights, welcoming the company and approximately 2,000 new high-paying, high-tech jobs to the state. Fiserv headquarters in Brookfield, Wisconsin. | 1 p.m. 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. As Chief Audit Executive, Sebby oversaw a team providing independent, risk-based, and objective assurance and consulting activities to add value and improve the companys operations. BROOKFIELD, Wis., December 21, 2022--Fiserv has entered into a new employment agreement with Frank Bisignano to serve as President and Chief Executive Officer through December 2027 Horvath is a graduate of the University of California, San Diego, and earned a masters degree in business administration from the Thunderbird School of Global Management. She is a Certified Public Accountant and Certified Information Security Manager. Our supplier diversity processes have been enhanced. 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. Tue, Jul 27 2021 11:25 AM EDT. [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. The contract, which took effect Dec. 21, 2022, increases Bisignano's annual salary to $1.4 million, according to a filing with the Securities and Exchange Commission. When asked how Fiservwould adapt in the event of an economic downturn, Bisignano, speaking Monday at Citis 2022 FinTech Conference in New York, touted the resilience and durability of the companys business. He is also responsible for managing day-to-day operations and implementing the companys strategic plan. Webinar Britt ZarlingCorporate Communications He has led product development and technology for three Fortune 500 companies and is recognized as a leader in the technology industry. CEOsof three payments companies share how macroeconomic headwinds are affecting their businesses and how theyre seeing their firms through the uncertainty. 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. He also led its $2.6 billion initial public offering in 2015, the largest U.S. IPO of the year. He is a member of the Board of Directors for Finxact, Apiture and Verisk Analytics (VRSK), which he serves as Lead Independent Director. 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.. Get started Subscribe to the Payments Dive free daily newsletter, Subscribe to Payments Dive for top news, trends & analysis. [20] In December of 2022 Bisignano signed a new contract with Fiserv to serve as president and CEO until 2027. [5][11][12][13] He oversaw a technological push at the company, and in 2014 First Data collaborated with Apple Inc. on Apple Pay. ET. Last updated on December 23rd, 2022 at 01:32 pmFrank Bisignano has signed a new contract that will keep him as the chief executive officer of Fiserv Inc . Yabuk is stepping down after heading the company for 15 years. I think its about investment strategy in our business, he said. Previously, his base salary was $1.32 million, according to the company's 2022 proxy filing. While at First Data, he was Executive Vice President, Head of Corporate and Business Development and Co-Head of Global Financial Solutions. The scary thing? Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief . Early in 2021, we increased our commitment to helping small, minority-owned businesses from $10 million to $50 million. (RTTNews) - Fiserv, Inc. (FISV), a payments and financial services technology provider, said on Thursday that it has elected its CEO Frank Bisignano as the new Chairman to succeed Denis O'Leary . 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. Cons. He serves on the boards of the Minority Corporate Counsel Association and New York's Hale House Center, and is a member of the Executive Leadership Council. watch now. He also served as chairman of the University of North Carolina-Wilmington International Advisory Board. Previously, he served as EVP & CHRO at The Guardian Life Insurance Company, and general manager of global HR and CHRO at Bank of Tokyo-Mitsubishi UFJ, one of the largest bank holding companies in the world, where he was the first American appointed to an office in Japan in BTMUs 130-year history. Chairman, President and Chief Executive Officer. He was appointed Chief Executive Officer of Fiserv in July of 2020 and Chairman of the Board in May of 2022. Frank Bisignano is Chairman, President and Chief Executive Officer of Fiserv, Inc. (NASDAQ: FISV), a global leader in financial services and payments technology solutions. View source version on businesswire.com: https://www.businesswire.com/news/home/20221221005599/en/, Media Relations: Guy Chiarello is Chief Operating Officer at Fiserv, Inc., overseeing the companys technology and operations with a focus on elevating the client experience, creating a high-performance workplace and supporting the companys future growth. In this role, Patel 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. With our robust platform of solutions, leading technology, and the best talent, Fiserv will continue to deliver for our shareholders, clients and associates in a dynamic market.". "Franks continued leadership enables us to create further value for our shareholders by delivering growth through innovation and discipline. Fiserv, Inc. (NASDAQ: FISV) aspires to move money and information in a way that moves the world. She also served as a liaison to the Federal Financial Institutions Examination Council (FFIEC). 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. Chairman, President, & Chief Executive Officer at Fiserv . Neil H. Wilcox is Head of Corporate Social Responsibility at Fiserv, Inc., leading the companys focus on corporate citizenship and social responsibility, including strategies to build upon its success in community and non-profit engagement, diversity and inclusion, and global philanthropy and volunteerism. [14][15][16] Bisignano is also on the boards of organizations such as Continuum Health Partners and the Metro Atlanta Chamber of Commerce. Previously, Rosman was General Counsel of OneMain Financial, one of Americas largest consumer lenders, where he oversaw legal, compliance, government relations and audit. 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. 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, Inc.+1 414-526-3107 As Head of General Services at Fiserv Inc., Tom Higgins is responsible for Global Real Estate, Global Sourcing, Cyber Security, Physical Security and Investigations, Enterprise Business Continuity, Crisis Management, and Aviation. New contract extends term through 2027 and enhances governance features. Under the new contract, Bisignano also receives a target annual incentive of at least $2.5 million, equity awards, use of the companys aircraft for personal travel and a company car and driver, among other benefits. Need help finding the best Previously, Gelb was Executive Vice President at First Data Corporation since 2014. He has also served as the CIO of Morgan Stanley, where he began his career in financial services. BROOKFIELD, Wis.--(BUSINESS WIRE)--Feb. 27, 2023-- Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, announced its participation in the following investor conferences. With more than 30 years of brand building, corporate communications and technology marketing experience, her background includes roles at Per-Se Technologies (now part of McKesson) and Dun & Bradstreet Software. 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. She is an advisor to its Women In Leadership (WIL) employee resource group, which she helped to establish and leads the companys high-profile Leading Women Summit.