Fiserv CEO Transition: Mike Lyons Resigns, Takis Georgakopoulos Appointed as New CEO

Fiserv, Inc. announced significant leadership changes on June 12, 2026. CEO Mike Lyons resigned effective immediately to become CEO of Truist Financial Corporation. His resignation was not due to any disagreement with the company. Lyons will receive only his accrued but unpaid base salary through the resignation date, with no severance payments or accelerated equity vesting. The company appointed Takis Georgakopoulos as the new CEO and Board member effective June 14, 2026. Georgakopoulos, age 56, previously served as Co-President, Head of Merchant and Technology since December 2025. He has extensive payments and financial services experience from previous roles at JPMorgan Chase and McKinsey & Company. In connection with his appointment, Georgakopoulos will receive an annual compensation package totaling $22.5 million, including a $1.3 million base salary, target annual cash incentive of 200% of base salary, and annual equity incentive compensation of $18.6 million. He also receives $6 million in promotion equity awards. Additionally, CFO Paul Todd received a $5 million RSU award for waiving his right to resign for "Good Reason" following the CEO transition. The filing includes related offer letters and a press release announcing the leadership changes.