Fiserv Names Michael P. Lyons as New CEO
Portfolio - People | Jan 27, 2025 | EIN
Michael P. Lyons has been appointed as the CEO of Fiserv, succeeding current CEO Frank Bisignano, who has been nominated by President Donald Trump to head the Social Security Administration. Lyons, with over 30 years of experience in financial services, will take on the role of CEO-elect immediately, reporting to Bisignano until the end of June or until Bisignano’s Senate confirmation. His appointment has been well-received by analysts, who highlight Lyons' significant role in PNC's strategic acquisitions, marking his potential influence on Fiserv's M&A-focused strategy.
Sectors
- Financial Services
- Payment Processing
Geography
- United States – Both Fiserv and PNC Financial Services Group are headquartered in the U.S., and the leadership changes involve prominent U.S. financial and government institutions.
Industry
- Financial Services – The appointment of Michael P. Lyons as Fiserv's CEO highlights the significance of his background in financial services, specifically his strategic role in PNC Financial Services.
- Payment Processing – Fiserv, the target company involved, operates within the payment processing industry, making this a key sector of focus.
Financials
- – No specific financial details such as deal price or target revenue mentioned.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Fiserv | Target Company | Company | A leading global provider of financial services technology solutions. |
| Michael P. Lyons | Next CEO | Person | Currently President of PNC Financial Services Group, with more than 30 years of financial services experience. |
| Frank Bisignano | Outgoing CEO | Person | Current CEO of Fiserv, nominated to lead the Social Security Administration. |
| PNC Financial Services Group | Current Employer of Michael P. Lyons | Company | A diversified financial services institution based in the United States. |