Fiserv announced that Michael P. Lyons has resigned as Chief Executive Officer and a member of the Board, effective June 12, 2026. The company appointed Takis Georgakopoulos, an internal executive, as the new CEO and a board member. Mr. Lyons's resignation was not due to any disagreement and he is leaving to become the CEO of Truist Financial Corporation.
Key Details
- New CEO: Takis Georgakopoulos was appointed CEO on June 14, 2026. He previously served as the company's Co-President, Head of Merchant and Technology since December 2025.
- New CEO Compensation: The compensation package for Mr. Georgakopoulos includes a $1.3M annual base salary, a target annual cash incentive of 200% of salary, an $18.6M annual equity opportunity, and a one-time $6M promotion equity award.
- Other Management Changes: CFO Paul M. Todd received a $5M RSU award in exchange for waiving certain resignation rights, and Dhivya Suryadevara’s title was updated to President of the Company.
- 2026 Outlook Reaffirmed: Fiserv reaffirmed its full-year 2026 financial outlook, expecting organic revenue growth of 1% to 3% and adjusted earnings per share of $8.00 to $8.30.