An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Fiserv Enters into New Contract with Frank Bisignano
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
Fiserv, Inc. (NASDAQ: FISV) has entered a new employment agreement with Frank Bisignano, extending his role as President and CEO through December 2027. Bisignano, who also serves as Chairman, aims to continue driving the company’s growth and innovation. The contract includes governance enhancements aligning with market standards. Since joining in 2019, Bisignano has been key in Fiserv's expansion and technology leadership, demonstrating strong results and client commitment, vital for shareholder value.
Positive
Frank Bisignano's new contract extends his leadership until December 2027, ensuring continuity in executive management.
Governance enhancements in the new contract align with market standards, potentially increasing investor confidence.
Negative
None.
New contract extends term through 2027 and enhances governance features
BROOKFIELD, Wis.--(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. Bisignano will also continue to serve as Chairman of the Board.
“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. “Frank’s continued leadership enables us to create further value for our shareholders by delivering growth through innovation and discipline.”
Bisignano said, “I look forward to the ongoing successful execution of our winning strategy, which is already demonstrating strong results and momentum. 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.”
The new contract also includes a variety of governance enhancements to more closely align with market standards.
Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman 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.
About Fiserv
Fiserv, Inc. (NASDAQ: FISV) 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, 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 World’s Most Innovative Companies by Fast Company for two consecutive years. Visit fiserv.com and follow on social media for more information and the latest company news.
What is the significance of Frank Bisignano's contract extension at Fiserv?
Frank Bisignano's contract extension until December 2027 ensures stable leadership, which can positively influence Fiserv's growth and innovation strategies.
What governance features were enhanced in Fiserv's new contract with Bisignano?
The new contract includes governance enhancements that align more closely with market standards, potentially improving investor relations.
How has Frank Bisignano impacted Fiserv since joining?
Since joining in 2019, Bisignano has significantly contributed to Fiserv's growth and technology leadership, enhancing the company's market position.
