Management ChangeJun 15, 2026, 08:31 AM
Fiserv Appoints Takis Georgakopoulos as CEO; Mike Lyons Departs
AI Summary
Fiserv announced a leadership transition with Michael P. Lyons resigning as Chief Executive Officer and Director, effective June 12, 2026, to take on the CEO role at Truist Financial Corporation. Takis Georgakopoulos, previously Co-President, Head of Merchant and Technology, was appointed as the new CEO and a member of the Board of Directors, effective June 14, 2026. In connection with his appointment, Mr. Georgakopoulos's compensation package includes a $1,300,000 annual base salary and significant equity incentives. The company also reaffirmed its full-year 2026 financial outlook.
Key Highlights
- Michael P. Lyons resigned as CEO and Director of Fiserv, effective June 12, 2026, to become CEO of Truist Financial Corporation.
- Takis Georgakopoulos was appointed as CEO and Director of Fiserv, effective June 14, 2026.
- Mr. Georgakopoulos's annual base salary is $1,300,000, with a target annual cash incentive of 200% of base salary.
- He will receive an annual equity incentive opportunity of $18,600,000, delivered as 60% PSUs and 40% RSUs.
- Mr. Georgakopoulos also received Promotion Equity Awards totaling $6,000,000 (60% PSUs, 40% RSUs).
- Fiserv reaffirmed its full-year 2026 outlook for organic revenue growth of 1% to 3%.
- Fiserv reaffirmed its full-year 2026 adjusted earnings per share outlook of $8.00 to $8.30.
Price Impact
More from FISV