This commitment funded our Back2Business program, now in its second year, through which we have already awarded more than 1,400 grants to small, diverse businesses globally and bolstered the entrepreneurial ecosystems that sustain them. "Franks continued leadership enables us to create further value for our shareholders by delivering growth through innovation and discipline. He has donated hundreds of thousands of dollars towards Republican campaigns, including a $125,000 contribution to Trump Victory in 2019. | 1 p.m. Our supplier diversity processes have been enhanced. The company also sold off business units,including its Korea operations and a Costa Rica division. Bisignano also was asked about the impact of a new Federal Reserve debit ruleaimed at increasing competition in the industry. Frank Bisignano President and Chief Executive Officer Meet our leadership team The way money moves Fiserv enables money movement for thousands of financial institutions and millions of people and businesses - for a world that never powers down Nearly 6M merchant locations globally 1.4B global accounts on file 12,000 financial transactions He was appointed Chief Executive Officer of Fiserv in July of 2020 and Chairman of the Board in May of 2022. 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. As part of this commitment to transparency, this CSR report is aligned with the Sustainability Accounting Standards Board (SASB) and the Global Reporting Initiative (GRI) reporting standards. Gibbons joined the company in December 2018 from Deutsche Bank, where he led Global Transaction Banking. Rosman is responsible for developing and leading the organizations corporate legal strategy and managing its compliance, ethics and government relations programs. 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. The company serves clients in more than 100 countries, is one of Fortune World's Most Admired Companies . He also led its $2.6 billion initial public offering in 2015, the largest U.S. IPO of the year. 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. Most recently, Chiarello served as Chief Administrative Officer at Fiserv, overseeing the companys technology and operations. 01:36. 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. 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. britt.zarling@fiserv.com 255 FISERV DRIVE (Street) BROOKFIELD. , The free newsletter covering the top industry headlines, Payoneer Survey Shows that UK-based and European Businesses Find Cross-Border Payments Challen, By signing up to receive our newsletter, you agree to our, Ilya S. Savenok / Stringer via Getty Images. Chairman, President, & Chief Executive Officer at Fiserv . Webinar He is also responsible for managing day-to-day operations and implementing the companys strategic plan. The new contract also includes a variety of governance enhancements to more closely align with market standards. 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 Previously, Hau served as Chief Financial Officer for Lennox International Inc. Hau also spent 22 years at Honeywell International Inc. in a variety of progressive financial and operations leadership roles, including serving as Chief Financial Officer of its Aerospace Business Group, Specialty Materials Business Group and Aerospace Electronic Systems Unit. . Bisignanos annual compensation target had previously been between $10 million and $15 million, according to the 2022 proxy filing. Previously, Wilcox was Senior Vice President and Associate General Counsel at First Data. 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. Let Payments Dive's free newsletter keep you informed, straight from your inbox. Brookfield, Wisconsin-based Fiserv has shed workersthis year while grappling with profit margin pressure. 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. Fiserv has a bunch of discretionary spend, he said, and executives know how to manage expenses very, very well.. Anthony S. Marino is Chief Human Resources Officer (CHRO) at Fiserv, Inc. While at First Data, he was Executive Vice President, Head of Corporate and Business Development and Co-Head of Global Financial Solutions. Our commitment to being good stewards of our environment continued. Previously, his base salary was $1.32 million, according to the companys 2022 proxy filing. The Federal Reserve plans to unleash a U.S. real-time payments systemnext year in the form of FedNow, but its an open question as to whether, or how, consumers and businesses will adoptinstant payments. His experience spans the spectrum from creating start-up operations for small businesses in emerging markets to leading global divisions of large multinational corporations. Fiserv headquarters in Brookfield, Wisconsin. He also led its $2.6 billion initial public offering in 2015, the largest U.S. IPO of the year. 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. 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. Marino is a seasoned HR executive with an outstanding background in financial services. Investor Relations: 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 addition, we continue to invest in and engage with community partnerships. Tom is a graduate of the State University of New York-Maritime College. John Gibbons serves as Head of the Europe, Middle East, and Africa (EMEA) region at Fiserv, Inc. 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. 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. 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. 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. At First Data, now Fiserv, he was instrumental in the development of eight employee resource groups (ERGs), which provide career development, networking, and volunteerism opportunities to 40,000 associates worldwide. He was appointed Chief Executive Officer of Fiserv in July of 2020. Issuer Name and: Ticker or Trading Symbol . Tom served as Executive Vice President and Chief Administrative Officer of First Data Corporation prior to its merger with Fiserv in 2019. 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. 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. "Mad Money" host Jim Cramer interviewed Fiserv President and CEO Frank Bisignano on Thursday's episode of the show. 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. Politics. [21], Bisignano is a long-time supporter of the Republican Party, and Donald Trump in particular. Bisignano will also continue to serve as Chairman of the Board. Previously, his base salary was $1.32 million, according to the companys. Prior to joining Fiserv, Horvath served as President, Multinational Clients for ADP, leading a high-growth organization and the transformation of several businesses from legacy systems to cloud and mobile-enabled solutions. Marino received his bachelors degree in business administration from Ohio University and is Six Sigma Black Belt. The change could present an opportunity for Fiserv, which owns debit networks Star and Accel. The payments company renewed Frank Bisignanos contract for another five years and gave him a 6% base salary increase. [2] In 2012 he was promoted to co-COO,[2] and the Financial Times called him "one of [JPMorgan]s most influential, yet least visible, executives. Published Dec. 19, 2022 Caitlin Mullen Reporter. From the transformative power of intelligent technology we are delivering and its impact on the way people live and work, and the way money and information move, to the people-centered programs we are driving that are helping to address todays pressing issues, we are focused on creating impact through our actions to benefit our clients, associates and shareholders. Visit fiserv.com and follow on social media for more information and the latest company news. She is a Certified Public Accountant and Certified Information Security Manager. The same notice requirement applies when Fiserv establishes a new severance policy that affects such severance cash benefits. 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. But even as Fiserv made cuts,the company hired thousands of workers last year, Bisignano told Payments Dive during a recent interview. He has also served on the Advisory Board of the BM&F (the Brazilian Futures Exchange). We have also further enhanced our sustainability practices to support the growth of our ESG program. 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. He has also held division general counsel and senior compliance roles with J.P. Morgan Chase & Co. and Marsh & McLennan. I think its about investment strategy in our business, he said. Payments giant Fiserv has signed a new five-year employment contract with CEO Frank Bisignano that gives him a 6% salary boost. 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. 03:44. Some workers were offered the chance to relocate to Berkeley Heights, New Jersey, where the company recently opened one of its hub facilities. Issuer Solutions includes credit and retail card processing, loans processing, customer communications, plastics manufacturing and personalization, commercial payments, and licensed financial software systems. 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. Chairman, President and Chief Executive Officer. 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. 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. BROOKFIELD, Wis.--(BUSINESS WIRE)--Dec. 21, 2022-- Saturday, February 26th, Syracuse University honored Fiserv President and CEO and proud Syracuse parent Frank Bisignano, along with his wife Tracy and other family members, including Sam '11 and Morgan Lituchy '11, with the unveiling of the Bisignano Grand Hall and the Bisignano Family Programs and Services Wing at the National Veterans Resource Center (NVRC) at the Daniel and Gayle D . 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. She is also a participant in the annual FORTUNE Most Powerful Women Summit and was recently named to the Atlanta 500. 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. Subscribe to the Payments Dive free daily newsletter, Subscribe to Payments Dive for top news, trends & analysis. . Julie Chariell CEOsof three payments companies share how macroeconomic headwinds are affecting their businesses and how theyre seeing their firms through the uncertainty. Previously, his base salary was $1.32 million, according to the company's 2022 proxy filing. He became Chairman of the Board in May of 2022. In 2021, Bisignanos total compensation was $20.4 million, according to the proxys summary compensation table. 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.
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