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FISERV INC 8-K Report, Listing Notice (Oct 29, 2025)

Filed October 29, 2025For Securities:FISV

Summary

Fiserv, Inc. (FISV) announced significant strategic and leadership changes via an 8-K filing on October 29, 2025. The company is voluntarily delisting its common stock and senior notes from the New York Stock Exchange (NYSE) and transferring them to The NASDAQ Stock Market LLC (Nasdaq), effective around November 11, 2025. This move is expected to streamline operations and potentially enhance liquidity, with trading expected to begin on Nasdaq under new ticker symbols. In addition to the listing change, Fiserv is executing a substantial leadership transition. Dhivya Suryadevara has been appointed Co-President, Head of Financial Solutions, Global Operations, and Chief Revenue Officer, bringing extensive experience from UnitedHealth Group, Stripe, and General Motors. Takis Georgakopoulos has been appointed Co-President, Head of Merchant and Technology, stepping down from his COO role. Paul M. Todd has been appointed Chief Financial Officer, succeeding Robert W. Hau, who will move to a Special Advisor role. The filing also details the appointment of three new independent directors, including Gordon Nixon as non-executive Chairman of the board, and the retirement of two existing directors, signaling a strategic refresh of the company's governance structure.

Key Highlights

  • 1Fiserv is delisting from the NYSE and moving its common stock and senior notes to Nasdaq, with trading expected to commence around November 11, 2025.
  • 2Dhivya Suryadevara appointed Co-President, Head of Financial Solutions, Global Operations, and Chief Revenue Officer, bringing a strong background in financial technology and operations.
  • 3Takis Georgakopoulos appointed Co-President, Head of Merchant and Technology, taking on a new leadership role within the company.
  • 4Paul M. Todd appointed Chief Financial Officer, succeeding Robert W. Hau, who will transition to a Special Advisor role.
  • 5Significant board refreshment with the appointment of three new independent directors, including Gordon Nixon as non-executive Chairman.
  • 6Two directors, Doyle R. Simons and Kevin M. Warren, will retire from the board effective January 1, 2026.
  • 7Detailed executive compensation packages and retention incentives, particularly for new Co-President Dhivya Suryadevara and new CFO Paul M. Todd, including substantial sign-on bonuses and equity awards.

Frequently Asked Questions

Fiserv is voluntarily withdrawing its listings from the NYSE and transferring them to Nasdaq to potentially streamline operations and access Nasdaq's market. The exact reasons beyond a general voluntary move are not detailed, but such transitions often aim for cost efficiencies or perceived benefits of the new exchange.

Trading of Fiserv's common stock and senior notes is expected to end on the NYSE on or about November 10, 2025, and begin on Nasdaq on or about November 11, 2025. Investors should note the new ticker symbols for common stock (FISV) and various senior notes (e.g., FISV27, FISV30, FISV31, FISV28C, FISV32, FISV36). The move itself is generally neutral to positive, signaling a strategic decision by the company, but actual stock performance will depend on broader market factors and company performance.

The most significant leadership changes include the appointment of Dhivya Suryadevara as Co-President, Head of Financial Solutions, Global Operations, and Chief Revenue Officer, and Takis Georgakopoulos as Co-President, Head of Merchant and Technology, both effective December 1, 2025. Additionally, Paul M. Todd has been appointed Chief Financial Officer, effective October 31, 2025, with the current CFO, Robert W. Hau, moving to a Special Advisor role.

The company is refreshing its board of directors with the appointment of Gordon Nixon as non-executive Chairman, Gary Shedlin as chair of the audit committee, and Céline Dufétel as a member of the audit committee, all effective January 1, 2026. These appointments, along with the retirements of Doyle R. Simons and Kevin M. Warren, indicate a strategic evolution in Fiserv's governance, bringing in new expertise and potentially a fresh perspective.