Fiserv Appoints Michael P. Lyons as President and CEO-Elect

Michael P. Lyons, President and CEO-Elect, Fiserv | Effective January 27, 2025・ Photo Credit: Fiserv

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MILWAUKEE, January 23, 2025 (VSNewsNetwork.com) — Payments and financial services technology company Fiserv, Inc. (NYSE: FI) has announced the appointment of Michael P. Lyons as President and CEO-elect, effective January 27, 2025. Lyons will report to Frank Bisignano, who will continue serving as Chairman and CEO until June 30, 2025, or upon confirmation by the U.S. Senate as Commissioner of the Social Security Administration. Upon Bisignano’s departure, Lyons will assume the role of Chief Executive Officer and join the Fiserv Board of Directors.

“On behalf of the entire Board, we are excited to announce Mike Lyons as our new President and CEO-elect. The Board engaged in a robust search to find a leader with the right blend of industry depth, strategic vision, and a proven track record of delivering operational excellence and superior results. We are confident that Mike is the right choice to guide Fiserv into the next chapter of unrivaled innovation and service to financial institutions, businesses, and communities around the world and continue to drive shareholder value,” said Doyle R. Simons, Lead Independent Director of Fiserv.

Lyons has over 30 years of experience in the financial services industry. He most recently served as President of The PNC Financial Services Group, overseeing all lines of business. While at PNC, he also held the role of Executive Vice President and Head of Corporate & Institutional Banking, where he contributed to strategic acquisitions, including BBVA USA in 2021. Before joining PNC, Lyons held senior leadership roles at Bank of America, including Global Head of Corporate Development and Strategic Planning, and worked as a portfolio manager at Maverick Capital, focusing on financial institutions.

“I am honored to be appointed as President and CEO-elect of Fiserv. Fiserv is an extraordinary company serving merchants and financial institutions with unmatched scale and reach, industry-leading distribution, a history of innovation, and a talented team. I have known the company for a long time as an investor, banker, and technology service provider and look forward to advancing Fiserv’s 40-year track record of success with this remarkable set of assets developed by Frank and the Fiserv management team. Together, we will continue delivering exceptional products and services to financial institutions, businesses, and communities of all sizes, along with sustainable growth and value for our shareholders,” said Lyons.

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“Mike Lyons is an exceptional leader who I’ve gotten to know well over the past 12 years as a client as we have partnered to deliver financial and payment solutions together. His deep understanding of our business and record of driving growth and quality make him an excellent choice to lead Fiserv through the next chapter,” said Bisignano.

“Mike Lyons is an exceptional leader who I’ve gotten to know well over the past 12 years as a client as we have partnered to deliver financial and payment solutions together. His relentless work ethic, deep understanding of our business, and record of driving growth and quality make him an excellent choice to lead Fiserv through the next chapter. I look forward to working closely with him during this transition period,” said Bisignano.

When Lyons transitions to CEO, Doyle R. Simons will assume the role of Non-Executive Chairman of the Board.

Fiserv, Inc. provides payments and financial technology solutions for financial institutions and businesses worldwide. For more information, visit www.fiserv.com.

Source: Fiserv, Inc.