Fiserv Names Michael P. Lyons as President and CEO-Elect
Fiserv, Inc. (NYSE: FI), a renowned global leader in financial technology and payment services, has recently announced the appointment of Michael P. Lyons as President and CEO-elect. This decision reflects Fiserv's commitment to innovation and excellence as they prepare for the future.
Leadership Transition at Fiserv
Lyon's start date as President and CEO-elect will be January 27, 2025, during which he will closely work with the current Chairman and CEO, Frank Bisignano. Bisignano is set to continue in his role until June 30, 2025, unless he is confirmed earlier by the U.S. Senate as Commissioner of the Social Security Administration. Once Bisignano steps down, Lyons will officially take over as CEO and join the Fiserv Board of Directors, marking an important leadership succession for the company.
Board's Confidence in Michael P. Lyons
Expressing enthusiasm about the appointment, Doyle R. Simons, the Lead Independent Director of Fiserv, stated, “We are excited to announce Mike Lyons as our new President and CEO-elect. The search for a leader with extensive industry expertise and a strong strategic vision was rigorous, and we believe Mike embodies all that we aspire to.” Simons further highlighted that Lyons' proven capabilities in delivering operational excellence align well with Fiserv's mission of providing innovative financial solutions.
A Wealth of Experience
Michael P. Lyons brings over three decades of extensive experience in the financial services industry. Before joining Fiserv, he served as the President at The PNC Financial Services Group, overseeing various business lines. His tenure at PNC saw him play a pivotal role in strategic acquisitions, significantly influencing the company's growth trajectory. Additionally, he has held prestigious positions at Bank of America, where he was instrumental in the bank's strategic planning and corporate development.
Commitment to Community and Leadership
Lyons is not only a seasoned executive but also a dedicated community leader. He serves as a national trustee for the Boys & Girls Clubs of America and holds a position on the Board of Directors at the University of Pittsburgh Medical Center (UPMC). His active involvement in non-profits showcases his commitment to making positive impacts beyond the corporate realm.
Vision for the Future of Fiserv
Upon his appointment, Mike Lyons conveyed his enthusiasm, stating, “I am honored to assume the role of President and CEO-elect of Fiserv. The company has an unmatched scale and operates on a history of innovation and a highly talented team. My goal is to uphold and advance the company's 40-year legacy of success.” With his extensive background, Lyons is poised to lead Fiserv into a new chapter of growth, focusing on delivering exceptional products and services to its diverse clientele.
Partnerships and Industry Growth
Frank Bisignano shared his views on Lyons, commenting, “Mike is an exceptional leader. My 12 years of partnership with him have given me insight into his work ethic and deep understanding of financial services.” This synergy between leadership is vital as Fiserv aims to sustain its momentum in innovation and customer satisfaction.
About Fiserv
Fiserv, Inc. (NYSE: FI) is a Fortune 500 company dedicated to moving money and information in ways that transform the world of finance. As a leader in payments and financial technology, Fiserv aids clients in achieving superior results by prioritizing areas like account processing, digital banking, and merchant services. They are recognized for their commitment to innovation and excellence and are listed among the S&P 500® Index and Fortune's Most Admired Companies™. To learn more, visit fiserv.com and stay updated on their latest developments.
Frequently Asked Questions
Who is Michael P. Lyons?
Michael P. Lyons is the newly appointed President and CEO-elect of Fiserv, Inc., with extensive experience in the financial services industry.
When will Michael P. Lyons officially start his role?
Lyons will officially begin as CEO on January 27, 2025, following current CEO Frank Bisignano.
What experience does Michael P. Lyons have?
Lyons has over 30 years of experience, having previously served as President at PNC Financial Services Group and held key positions at Bank of America.
What is Fiserv known for?
Fiserv is a leading global provider of payments and financial technology solutions, specializing in services such as account processing and digital banking.
How does Fiserv contribute to their communities?
Fiserv supports its communities through various initiatives and partnerships, with leaders like Lyons actively involved in philanthropic efforts.
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