Fiserv president resigns citing contract ‘good cause’ clause.


Suryadevara resigned “for good cause” pursuant to her offer letter, effective on Tuesday, and will remain a non-executive employee until July 31 to enable an orderly transition of her duties, according to the filing.

According to Offer letter dated August 28, 2025, and included in Fiserv’s annual report form 10 K For the year ending December 31, 2025, “good cause” events include a material reduction in base salary or annual incentive compensation target, a material adverse change in duties or responsibilities, or a change in the CEO of the Company.

Fiserv announced on June 15 that Mike Lyons Step down as well CEO And a member of the Board of Directors to become CEO of the company TRUE. The company also said it had hired Takis Georgakopouloswho has been a leading technology and business solutions co-president, will serve as CEO and as a member of the Board of Directors, effective June 15.

About eight months ago, the company announced in October press release Georgakopoulos and Suryadevara will serve as Co-Presidents, effective December 1, 2025, with Suryadevara serving as President of Financial Solutions, Sales and Operations.

Suryadevara joined Fiserv at that time. Immediately prior to this, Suryadevara served as CEO of Optum Financial and Optum Insight UnitedHealth Group.

When Suryadevara discussed AI and banking with the CEO of PYMNTS Karen Webster In June, PYMNTS I mentioned In which Suryadevara also held senior leadership positions tape and GM Before joining UnitedHealth Group and then to Fiserv.

Fiserv also announced in its filing Tuesday with the Securities and Exchange Commission that it had hired Andrew Yellow and Srini Krish as interim leaders of the Company’s Financial Solutions business, effective immediately.

Gelb joined Fiserv in 2014 and is the company’s executive vice president and chief operating officer of Financial Solutions. Krish joined Fiserv in 2014 and is the company’s Chief Technology and Operations Officer for Financial Solutions.

In announcing Lyons’ departure in a June 15 press release, Fiserv said it reaffirmed the full-year 2026 projections it provided on May 5. The forecast called for organic revenue growth of 1% to 3% and adjusted earnings per share of $8 to $8.30 for 2026.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *