John Gibbons serves as Head of the Europe, Middle East, and Africa (EMEA) region at Fiserv, Inc. He also suggested that the reduction was due to some employees exiting because they were unwilling to move to a . . He also led its $2.6 billion initial public offering in 2015, the largest U.S. IPO of the year. Relationship of Reporting Person(s) to Issuer . 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. 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. He also led its $2.6 billion initial public offering in 2015, the largest U.S. IPO of the year. With the Fiserv-First Data merger announcement, company executives planned to invest in facilities and staff, aiming for a colocation strategy and a hybrid workforce, Bisignano said. ET, Presented by studioID and Dun and Bradstreet, Fiserv divestiture hints at strategy shift, Fiserv sheds Korea unit, plans move to Milwaukee, FedNow chases real-time payments front-runners, 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. Investor Relations: He is a philanthropic leader who has been recognized by numerous organizations for his charitable efforts. Fiserv has a bunch of discretionary spend, he said, and executives know how to manage expenses very, very well.. 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. We continued to use our Fiserv Cares Fund to assist associates who have experienced unexpected financial hardship during the pandemic, and we continued to prioritize professional development for our people, with programming centered on inclusive leadership and the development of diverse top talent within our organization. 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. Sebby holds a bachelors degree from Buena Vista University. He resides in New York with his wife and three children. 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. Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief Executive Officer. At First Data, he managed two of the companys publicly reported segments, which included many of the solutions he manages at Fiserv today. Frank J. Bisignano (born August 9, 1959) is an American businessman and the President and CEO of Fiserv. His HR career also includes roles at two "academy" companies long known for human resources best practices, Honeywell International (formerly AlliedSignal) and Pepsi. Chairman, President and Chief Executive Officer. Kereere serves as a non-executive Director on the board of Grange Insurance Company and has previously served on the boards of the National Retail Federation Foundation and the American Red Cross (New York). He also led its $2.6 billion initial public offering in 2015, the largest U.S. IPO of the year. 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. Cave has also declined to specify the number of employees that have been cut this year, other than to say Fiserv has made staffing adjustments that affect a small percentage of its global workforce. 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. 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. He has lectured extensively as an Adjunct Professor of Law at Georgetown University Law Center. 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. In this role, he drives revenue growth and client retention and satisfaction through the integration and alignment of revenue-related functions across the organization based on a client-first mindset. Fiserv is a member of the S&P 500 Index, the FORTUNE 500, and has been recognized as one of FORTUNE World's Most Admired Companies for 11 of the past 14 years and named among the Worlds Most Innovative Companies by Fast Company for two consecutive years. WI 53045 (City) (State) (Zip) 2. 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. 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. 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. Sen. Dick Durbin is poised to make good on his long-time threat to further rein in the two big U.S. credit card companies Visa and Mastercard with legislation aimed at increasing competition. His career spanned 24 years in the National Security and Foreign policy areas. Fiserv Inc. has entered into a new contract with its chairman, president and CEO Frank Bisignano that increases his base salary by $80,000, according to a document filed Thursday with the U.S . He joined Fiserv in July 2021. Keep up with the story. 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. "Franks continued leadership enables us to create further value for our shareholders by delivering growth through innovation and discipline. The company serves clients in more than 100 countries, and in 2021 was recognized among . 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. He explained how the company has had to target cost control in the past, particularly after its 2019 merger with First Data. | 1 p.m. Prior to being named Chief Risk Officer she served as Chief Audit Executive at Fiserv, and held the same position at First Data prior to its combination with Fiserv in 2019. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover cloud- based point-of-sale and business management platform. 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 Rosman is responsible for developing and leading the organizations corporate legal strategy and managing its compliance, ethics and government relations programs. In November 2022, Fiservs board adopted an executive severance policyresembling a prior shareholder proposal that had won shareholder approval earlier last year. 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. Could Early Warnings bank wallet have a bigger goal? 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. 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. 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, he was the Chief Information Officer (CIO) at JPMorgan Chase & Co., where he led global technology across all lines of business in more than 60 countries. Andrew Gelb serves as Head of Issuer Solutions at Fiserv, Inc., which provides credit processing and associated solutions to financial institutions, serving more than 1 billion account holders around the world. Our people donated their time and nearly $1 million through our Fiserv Gives Back program, supporting more than 2,000 causes during the year. Bisignano, 63, is also the companys board chairman. He spent 18 years at Citigroup in a number of key executive roles, including Global Head of Mergers and Acquisitions; Head of Global Sales for Transaction Services; and Global Head of the Financial Institutions Group in the Corporate Bank. Webinar Asher plays a key role in shaping the companys workplace experience and led the design of its flagship office in Alpharetta, Ga., which has served as a model for other Fiserv locations worldwide. Its very normal in a merger to be recruiting, while also consolidating,, Webinar Prior to joining Fiserv, Marin was Chief Executive Officer of Citibank for Brazil, Argentina, Uruguay and Paraguay. Throughout his career, Marino has been a champion of diversity and inclusion efforts. Earlier in his career, Gibbons held leadership positions at global financial institutions in London, Amsterdam and New York. 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.. Patel is a graduate of the New York University Stern School of Business and is a CFA charterholder. Prior to Deutsche Bank, he was at JPMorgan Chase & Co., serving as Regional Executive for EMEA and as JPMorgans Global Head of Banks and Broker Dealers for Treasury Services. Get started 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 extends term through 2027 and enhances governance features. Asher is a graduate of Georgia State University and a member of the American Marketing Association, the International Association of Business Communicators and Marketing 50. So this is a long-term strategy.. Prior to joining Fiserv, Wilcox served as interim General Counsel and Chief Legal Officer at USAA, providing strategic counsel and legal advice to the CEO, Board of Directors and Executive Council. We consolidated our data center footprint as well as redundant office locations. The same notice requirement applies when Fiserv establishes a new severance policy that affects such severance cash benefits. Why Fiserv picked New Jersey and the big things it could mean for the state New Jersey Gov. 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. Our supplier diversity processes have been enhanced. 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 also noted investments such as those in the companys Clover point-of-sale operating system and recent acquisitions the company has made. [5][11][12][13] He oversaw a technological push at the company, and in 2014 First Data collaborated with Apple Inc. on Apple Pay. 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. Ivo Distelbrink is Head of Asia Pacific at Fiserv, Inc. Fiserv headquarters in Brookfield, Wisconsin. Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief . As CFO of First Data, Patel was a key leader in the turnaround of the company. He has also served as the CIO of Morgan Stanley, where he began his career in financial services. Amid a tougher macroeconomic environment last year, Bisignano said the company is maniacally focused on expense management. We dont need to deviate from our strategy, Bisignano said. Prior to that, he was Senior Vice President, Enterprise Shared Services Counsel at USAA. He also led its $2.6 billion initial public offering in 2015, the largest U.S. IPO of the year. He also led all of the JPMCs military and veterans initiatives. Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief Executive Officer. He is on the board of directors of Scenic Hudson, a non-profit organization focused on the Hudson Valley region of New York State. Christopher (Chris) M. Foskett is Chief Revenue Officer at Fiserv, Inc. When asked about employee cuts the company has made this year, Bisignano said they werent in response to this years pressures. Hau has nearly 30 years of experience in business and financial leadership roles. Gibbons is a graduate of the University of Connecticut and is a dual citizen of both the United States and the U.K. Robert (Bob) Hau is Chief Financial Officerat Fiserv, Inc., and provides oversight for all financial functions of the company. Fiserv, Inc. (NASDAQ: FISV) aspires to move money and information in a way that moves the world. When asked Monday how Fiserv would adapt to an economic downturn, CEO Frank Bisignanosaid the company knows what levers to pull to manage the expense line., Fiserv CEO Frank Bisignano said this week the payments processing giant is equipped to manage tough times.. In the U.S. alone, Fiserv solutions reach nearly 100% of U.S. households. Still,its share of workers outside the U.S. has grown in recent years as its overall count has stayed the same, based on regulatory filings from 2019, 2020 and 2021. 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. While at First Data, he was Executive Vice President, Head of Corporate and Business Development and Co-Head of Global Financial Solutions. His experience spans the spectrum from creating start-up operations for small businesses in emerging markets to leading global divisions of large multinational corporations. 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. Fiserv, Inc.+1 414-526-3107 In this role he partners closely with the companys business leaders in the development and commercialization of the next generation of Fiserv solutions. CEOsof three payments companies share how macroeconomic headwinds are affecting their businesses and how theyre seeing their firms through the uncertainty. Previously, Foskett served as Executive Vice President and Chief Sales Officer of Fiserv after the merger with First Data Corporation. In addition, we continue to invest in and engage with community partnerships. Subscribe to the Payments Dive free daily newsletter, Subscribe to Payments Dive for top news, trends & analysis. The company serves clients in more than 100 countries, was named among the World's Most Innovative . He also served as chairman of the University of North Carolina-Wilmington International Advisory Board. He was appointed Chief Executive Officer of Fiserv in July of 2020. 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. Could Early Warnings bank wallet have a bigger goal? He is on the advisory board of FutureFuel.io, a leading provider of student loan repayment programs. He was appointed Chief Executive Officer of Fiserv in July of 2020 and Chairman of the Board in May of 2022. Examples include Atlantas Russell Innovation Center for Entrepreneurs, Howard Universitys Inclusive Innovation Labs, and a $1.5 million investment in the Girl Scouts of the USA to bring STEM curriculum and programming to girls. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover cloud- based point-of-sale and business management platform. He has donated hundreds of thousands of dollars towards Republican campaigns, including a . Frank J. Bisignano (born August 9, 1959) . In 2021, Bisignanos total compensation was $20.4 million, according to the proxys summary compensation table. 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. 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 . [19] His compensation was rated at approximately $40 million in 2019. 03:44. 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 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. 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. 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. BROOKFIELD, Wis., December 21, 2022--(BUSINESS WIRE)--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. Even as the payments and fintech company cut employees this year, its hired thousands of workers,Fiserv CEO Frank Bisignano said during a Friday interview. Google Maps. 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. She also served as a liaison to the Federal Financial Institutions Examination Council (FFIEC). 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.. We know our levers and how to manage the expense line, and weve managed it through this whole merger in order tobe prepared for tough times, too, Bisignano said. He became Chairman of the Board in May of 2022. He pointed to Fiservs merger and integration with First Data, and the combined companys March 2019 pledge to cut costs. 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.. 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. 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. britt.zarling@fiserv.com Joanne Sebby is Chief Risk Officer at Fiserv, Inc., overseeing the strategic development and execution of the companys enterprise and operational risk management programs in partnership with the companys business leaders.

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