Fiserv CEO Mike Lyons has resigned to become the next CEO of Truist, a super-regional bank with roughly $549 billion in assets. Lyons joined Fiserv at the beginning of 2025 and was leading a turnaround effort after the company missed third-quarter earnings estimates by about 23% and cut its full-year forecast by about 16%, sending the stock down more than 70% over the past year. His departure raises questions about the turnaround, especially since a significant part of his $70 million pay package was tied to performance stock units based on metrics like total shareholder return and organic revenue growth. Fiserv named Takis Georgakopoulos, a former JPMorgan Chase payments executive, as its new CEO. The article suggests investors should reevaluate their thesis given the leadership change.
Fiserv, Inc.CEO resignation raises concerns about turnaround after missed earnings and forecast cut.
JPMorgan Chase & Co
Truist Financial CorpHires Fiserv CEO Mike Lyons as new CEO, potentially benefiting from his turnaround experience.
PNC Financial Services Group Inc