Fiserv, Inc. (NASDAQ:FISV) stock fell nearly 8% on Monday after the payments and financial technology company announced a leadership transition, even as it reaffirmed its full-year 2026 outlook.
Takis Georgakopoulos Named CEO
Fiserv said Takis Georgakopoulos was appointed chief executive officer and a member of the board, effective immediately. He succeeds Mike Lyons, who stepped down to become CEO of Truist Financial Corp. (NYSE:TFC).
Georgakopoulos joined Fiserv in late 2024 and most recently served as co-president of Technology and Merchant Solutions. Before joining the company, he was Global Head of Payments at J.P. Morgan Corporate & Investment Bank, where he oversaw technology, product, sales, and operations.
Board Chairman Gordon Nixon said Georgakopoulos has played a key role in modernizing the company’s merchant platform, accelerating Clover, and expanding the use of artificial intelligence across its infrastructure.