Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology solutions, today announced that Frank Bisignano, Fiserv Chairman, President and Chief Executive Officer, has been nominated by President-elect Donald J. Trump as the Commissioner, Social Security Administration.
The appointment of Mr. Bisignano is subject to confirmation by the U.S. Senate, and Mr. Bisignano will continue in his current positions with the Company until confirmation occurs. The Fiserv Board of Directors has an established, long-term succession plan which it will follow to select a successor to Mr. Bisignano.
“Serving as CEO of Fiserv is an honor and I am incredibly proud of what our team has and will accomplish,” said Frank Bisignano, Chairman, President and Chief Executive Officer of Fiserv. “I am honored to have this once in a lifetime opportunity to serve my country. I thank President-elect Trump and, if confirmed, look forward to applying my experience to transform our social security system.”
Doyle R. Simons, Lead Director of Fiserv, said, “Under Frank, Fiserv has excelled in advancing finance, technology and payments innovations to the benefit of financial institutions, businesses and communities large and small. Succession planning has always been a priority for the Board, and we will follow our well established succession planning process to select a new CEO to continue to build on this momentum.”
