Fiserv Appoints Michael Lyons as CEO-Elect, Replacing Bisignano

Fiserv has appointed Michael P. Lyons, the former president of PNC Financial Services Group, as its new president and CEO-elect, effective January 27, 2025. Lyons will succeed Frank Bisignano, who is set to lead the Social Security Administration under the Trump administration, and will report to him until Bisignano's departure on June 30 or upon Senate confirmation. With over 30 years of experience in the financial sector, Lyons has a strong track record, having played a key role in PNC's strategic acquisitions and previously held leadership positions at Bank of America. The Board expressed confidence in Lyons' ability to drive innovation and growth at Fiserv. This leadership change is significant for both Fiserv and PNC, with analysts noting the loss of a highly regarded executive at PNC. Lyons aims to continue Fiserv's legacy of success and deliver value to shareholders and clients alike.