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. Get started Why Fiserv picked New Jersey and the big things it could mean for the state New Jersey Gov. As Chief Marketing Officer for Fiserv, Inc., Leigh Asher leads brand strategy, corporate communications and creative direction worldwide, as well as oversees market research and marketing technology and operations. He previously served as the CEO of First Data Corporation and the COO of JPMorgan Chase. Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief Executive Officer. Investor Relations: BisignanoFirst Data CorpFiserv220 Fiserv Yabuk"First DataFrank Omnichannel commerce, billing and payments solutions for large merchants and corporates, All-in-one systems for merchants to accept payments and manage their business, Platforms and integrated digital banking solutions to drive customer relationships and growth, Platforms and integrated digital solutions to better serve members, Digital banking, payments and solutions at scale for largest institutions, Financial and payments solutions and connectivity that enable technology providers to quickly reach consumers and new markets, Payments and financial solutions for government, education and utilities, Corporate information, values and history, Financial information and shareholder services, Our commitment to governance, social responsibility, the environment and giving back, Our commitment to a positive workplace for all associates, Details around our annual client conference, Don't have a Fiserv.com profile? BROOKFIELD, Wis.--(BUSINESS WIRE)--Dec. 21, 2022-- The payments company renewed Frank Bisignanos contract for another five years and gave him a 6% base salary increase. Marin is a Board Member of CTEEP, the largest electricity transmission company in Brazil and Latin America. He was appointed Chief Executive Officer of Fiserv in July of 2020 and Chairman of the Board in May of 2022. Fiserv, Inc. (NASDAQ: FISV) aspires to move money and information in a way that moves the world. ", Bisignano said, "I look forward to the ongoing successful execution of our winning strategy, which is already demonstrating strong results and momentum. Bisignano, 63, is also the companys board chairman. Kereere is a champion for, and sought-after authority on, equity in the corporate space, and has driven leading-edge work to bring analytics to the forefront in the discussion on race and inclusion. 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. At First Data, he managed two of the companys publicly reported segments, which included many of the solutions he manages at Fiserv today. Want to share a company announcement with your peers? 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. 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.. 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. Chairman, President and Chief Executive Officer. New contract extends term through 2027 and enhances governance features. Prior to joining Fiserv, Marin was Chief Executive Officer of Citibank for Brazil, Argentina, Uruguay and Paraguay. Subscribe to the Payments Dive free daily newsletter, Subscribe to Payments Dive for top news, trends & analysis. Keep up with the story. Our commitment to being good stewards of our environment continued. Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief Executive Officer. 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. 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. Yes, our merchant business will be affected by consumer spending, but recognize that we have a lot of what I would call staple-related products that we have very, very large market share in, Bisignano said, . 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 . Payments giant Fiserv has signed a new five-year employment contract with CEO Frank Bisignano that gives him a 6% salary boost. Previously, Foskett served as Executive Vice President and Chief Sales Officer of Fiserv after the merger with First Data Corporation. Bisignano joined Fiserv through the companys 2019 acquisition of First Data, where he served as CEO at the time of the merger. Bisignano will also continue to serve as Chairman of the Board. 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. His background also includes serving as Assistant U.S. Attorney and Deputy Staff Secretary to President Bill Clinton from 2000 to 2001. 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. Previously, Kereere led a multi-billion-dollar business and global team as Global Head of Merchant Sales & Acquiring at Visa. 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 . "[5] Bisignano was also a primary negotiator in JPMorgan's acquisition of the Canary Wharf property in London,[6] and CEO for several of JPMorgan's mortgage banking divisions. BROOKFIELD, Wis.-(BUSINESS WIRE)-Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, announced its participation in the following investor conferences. 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. He is a philanthropic leader who has been recognized by numerous organizations for his charitable efforts. Patel is a graduate of the New York University Stern School of Business and is a CFA charterholder. Brookfield, Wisconsin-based Fiserv offers payments, financial technology and merchant services. So this is a long-term strategy.. watch now. We will generate expanding margins, Bisignano asserted Monday. Fiserv headquarters in Brookfield, Wisconsin. He became Chairman of the Board in May of 2022. Bisignano . 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. 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. 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. 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 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. 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. [21], Bisignano is a long-time supporter of the Republican Party, and Donald Trump in particular. FISERV INC [ FISV] 5. Marino is a seasoned HR executive with an outstanding background in financial services. Franks 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. 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. View source version on businesswire.com: https://www.businesswire.com/news/home/20221221005599/en/, Media Relations: Britt ZarlingCorporate CommunicationsFiserv, Inc.+1 414-526-3107britt.zarling@fiserv.com Investor Relations: Julie Chariell Investor RelationsFiserv, Inc.+1 212-515-0278julie.chariell@fiserv.com, https://www.businesswire.com/news/home/20221221005599/en/. 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. CEOsof three payments companies share how macroeconomic headwinds are affecting their businesses and how theyre seeing their firms through the uncertainty. Some workers were offered the chance to relocate to Berkeley Heights, New Jersey, where the company recently opened one of its hub facilities. He ruined First Data, destroyed all the culture and kept technologies in the stone ages and is now doing it with Fiserv. When asked about employee cuts the company has made this year, Bisignano said they werent in response to this years pressures. "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. In this role, Horvath 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. She is responsible for the Fiserv portfolio of client engagement platforms, such as the companys annual Forum client conference, and was instrumental in establishing a multi-year naming rights agreement for Fiserv Forum, a state-of-the-art sports and entertainment venue in Milwaukee. Christopher (Chris) M. Foskett is Chief Revenue Officer at Fiserv, Inc. At the end of the new agreements five-year period, the employment agreement automatically renews for one-year terms unless either Bisignano or the company seeks to terminate it, according to the contract attached to the filing. Still, others have noted Fiservs margin expectation for 2022 may prove difficult to achieve. The new contract also includes a variety of governance enhancements to more closely align with market standards. At the end of the new agreements five-year period, the employment agreement automatically renews for one-year terms unless either Bisignano or the company seeks to terminate it, according to the contract attached to the filing. In the U.S. alone, Fiserv solutions reach nearly 100% of U.S. households. Frank Bisignano . . 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. Fiserv has a bunch of discretionary spend, he said, and executives know how to manage expenses very, very well.. 01:36. We said when we were doing that, that we would be a different company, Bisignano said. He became Chairman of the Board in May of 2022. He also led all of the JPMCs military and veterans initiatives. [20] In December of 2022 Bisignano signed a new contract with Fiserv to serve as president and CEO until 2027. | 1 p.m. WI 53045 (City) (State) (Zip) 2. Conversations with our clients, our partners and our people move rapidly from idea and what if to the accomplishment of what is. We approach the future with a sense of optimism tempered by the realities of our world today. 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.