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Fiserv Chairman, President and Chief Executive Officer, Frank Bisignano Nominated as Commissioner, Social Security Administration

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Fiserv (NYSE: FI) announced that its Chairman, President and CEO Frank Bisignano has been nominated by President-elect Donald J. Trump as Commissioner of the Social Security Administration. The appointment requires U.S. Senate confirmation, during which Bisignano will maintain his current roles at Fiserv.

The Fiserv Board of Directors has confirmed they will follow their established succession plan to select Bisignano's replacement. Lead Director Doyle R. Simons emphasized that succession planning has been a priority and expressed confidence in selecting a new CEO to maintain the company's momentum in advancing finance, technology, and payments innovations.

Fiserv (NYSE: FI) ha annunciato che il suo Presidente, Amministratore Delegato e CEO Frank Bisignano è stato nominato dal Presidente eletto Donald J. Trump come Commistario dell'Amministrazione della Sicurezza Sociale. L'appuntamento richiede la conferma del Senato degli Stati Uniti, durante la quale Bisignano manterrà i suoi attuali ruoli in Fiserv.

Il Consiglio di Amministrazione di Fiserv ha confermato che seguirà il piano di successione stabilito per selezionare il sostituto di Bisignano. Il Direttore principale Doyle R. Simons ha sottolineato che la pianificazione della successione è stata una priorità e ha espresso fiducia nel selezionare un nuovo CEO per mantenere l'impulso dell'azienda nell'avanzare innovazioni in finanza, tecnologia e pagamenti.

Fiserv (NYSE: FI) anunció que su Presidente, Director Ejecutivo y CEO Frank Bisignano ha sido nominado por el Presidente electo Donald J. Trump como Comisionado de la Administración de Seguridad Social. El nombramiento requiere la confirmación del Senado de EE.UU., durante la cual Bisignano mantendrá sus roles actuales en Fiserv.

La Junta Directiva de Fiserv ha confirmado que seguirá su plan de sucesión establecido para seleccionar al reemplazo de Bisignano. El Director Principal Doyle R. Simons enfatizó que la planificación de sucesión ha sido una prioridad y expresó confianza en seleccionar un nuevo CEO para mantener el impulso de la empresa en la promoción de innovaciones en finanzas, tecnología y pagos.

Fiserv (NYSE: FI)는 프랭크 비시냐노(Fank Bisignano) 의장이 도널드 J. 트럼프 대통령 당선자에 의해 사회 보장청 위원으로 임명되었다고 발표했습니다. 이 임명은 미국 상원의 승인이 필요하며, 비시냐노는 Fiserv에서 현재 역할을 유지할 것입니다.

Fiserv 이사회는 비시냐노의 후임을 선정하기 위해 정해진 승계 계획을 따를 것이라고 확인했습니다. 수석 이사인 도일 R. 시몬스(Doyle R. Simons)는 승계 계획이 우선적으로 다루어졌으며, 금융, 기술 및 결제 혁신을 추진하는 회사의 모멘텀을 유지하기 위해 새로운 CEO를 선정하는 데 자신감을 표했습니다.

Fiserv (NYSE: FI) a annoncé que son Président, Directeur Général et CEO Frank Bisignano a été nommé par le Président élu Donald J. Trump comme Commissaire de l'Administration de la Sécurité Sociale. La nomination nécessite la confirmation du Sénat des États-Unis, pendant laquelle Bisignano conservera ses fonctions actuelles chez Fiserv.

Le Conseil d'Administration de Fiserv a confirmé qu'il suivra son plan de succession établi pour sélectionner le remplaçant de Bisignano. Le Directeur Principal Doyle R. Simons a souligné que la planification de la succession a été une priorité et a exprimé sa confiance dans la sélection d'un nouveau CEO afin de maintenir l'élan de l'entreprise dans l'avancement des innovations en finance, technologie et paiements.

Fiserv (NYSE: FI) gab bekannt, dass sein Vorsitzender, Präsident und CEO Frank Bisignano vom Präsidentenwahl Donald J. Trump als Kommissar der Sozialversicherungsbehörde nominiert wurde. Die Ernennung erfordert die Bestätigung des US-Senats, während der Bisignano seine derzeitigen Rollen bei Fiserv beibehalten wird.

Der Vorstand von Fiserv hat bestätigt, dass er dem etablierten Nachfolgeplan folgen wird, um Bisignanos Nachfolger zu wählen. Der Hauptgeschäftsführer Doyle R. Simons betonte, dass die Nachfolgeplanung eine Priorität war und äußerte Vertrauen in die Auswahl eines neuen CEOs, um das Momentum des Unternehmens im Bereich Finanz-, Technologie- und Zahlungsinnovationen aufrechtzuerhalten.

Positive
  • None.
Negative
  • Potential leadership uncertainty with CEO departure
  • Risk of business disruption during leadership transition

Insights

This nomination signals a potential leadership transition at one of the largest financial technology companies. While Bisignano's departure would mark a significant change, Fiserv's established succession planning and strong market position mitigate immediate concerns. The company's $122.8B market cap and entrenched position in payment processing suggest institutional stability beyond any single executive.

The board's proactive stance on succession planning and the gradual nature of the transition process (pending Senate confirmation) should provide markets with confidence in continuity of operations. However, investors should monitor the succession process closely, as the next CEO's strategic vision could influence Fiserv's future direction in the rapidly evolving fintech landscape.

MILWAUKEE--(BUSINESS WIRE)-- Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology solutions, today announced that Frank Bisignano, Fiserv Chairman, President and Chief Executive Officer, has been nominated by President-elect Donald J. Trump as the Commissioner, Social Security Administration.

The appointment of Mr. Bisignano is subject to confirmation by the U.S. Senate, and Mr. Bisignano will continue in his current positions with the Company until confirmation occurs. The Fiserv Board of Directors has an established, long-term succession plan which it will follow to select a successor to Mr. Bisignano.

“Serving as CEO of Fiserv is an honor and I am incredibly proud of what our team has and will accomplish,” said Frank Bisignano, Chairman, President and Chief Executive Officer of Fiserv. “I am honored to have this once in a lifetime opportunity to serve my country. I thank President-elect Trump and, if confirmed, look forward to applying my experience to transform our social security system.”

Doyle R. Simons, Lead Director of Fiserv, said, “Under Frank, Fiserv has excelled in advancing finance, technology and payments innovations to the benefit of financial institutions, businesses and communities large and small. Succession planning has always been a priority for the Board, and we will follow our well established succession planning process to select a new CEO to continue to build on this momentum.”

About Fiserv

Fiserv, Inc. (NYSE: FI), a Fortune 500 company, aspires to move money and information in a way that moves the world. 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. Fiserv is a member of the S&P 500® Index and has been recognized as one of Fortune® World’s Most Admired Companies™ for 9 of the last 10 years. Visit fiserv.com and follow on social media for more information and the latest company news.

FI-G

Media Relations:

Chase Wallace

Director, Communications

Fiserv, Inc.

+1 470-481-2555

chase.wallace@fiserv.com

Investor Relations:

Julie Chariell

Senior Vice President, Investor Relations

Fiserv, Inc.

julie.chariell@fiserv.com

Source: Fiserv, Inc.

FAQ

What position has Fiserv (FI) CEO Frank Bisignano been nominated for?

Frank Bisignano has been nominated as Commissioner of the Social Security Administration by President-elect Donald J. Trump.

Will Frank Bisignano remain as Fiserv (FI) CEO during the nomination process?

Yes, Bisignano will continue in his current positions as Chairman, President and CEO of Fiserv until Senate confirmation occurs.

How will Fiserv (FI) handle the CEO succession process?

The Fiserv Board of Directors will follow their established, long-term succession plan to select a successor to Frank Bisignano.

Fiserv, Inc.

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