01—Abstract
Summary
Summary of the 8-K filed October 23, 2026. Cited figures are marked; the original filing is the authoritative source.
Fiserv, Inc. (FISV) has announced a change to its Board of Directors, as detailed in their recent 8-K filing dated October 23, 2026.
The most significant update is the appointment of Raj Seshadri as a new independent director, effective November 30, 2026. Ms. Seshadri brings extensive experience in the payments and financial services industry, having held senior leadership roles at Mastercard, including Senior Strategic Advisor to the CEO and Chief Commercial Payments Officer, as well as prior experience at BlackRock and Citigroup. In addition, the filing notes that director Henrique De Castro has decided not to stand for re-election at the 2027 annual shareholder meeting.
Mr. De Castro will continue to serve on the board until then, and his decision is not attributed to any disagreements with the company's management. Investors will want to note Ms. Seshadri's compensation will align with the company's standard non-employee director arrangements.
02—Key points
Key Highlights
- Raj Seshadri appointed as a new independent director to the Board of Directors, effective November 30, 2026.
- Ms. Seshadri possesses significant experience in the payments industry, having held executive roles at Mastercard, including Senior Strategic Advisor to the CEO and Chief Commercial Payments Officer.
- Prior to Mastercard, Ms. Seshadri held leadership positions at BlackRock, Citigroup, U.S. Trust, and McKinsey & Company.
- Ms. Seshadri currently serves on the Board of Directors of Raymond James Financial, Inc. since 2019.
- Henrique De Castro will not seek re-election at the 2027 annual shareholder meeting and will continue to serve until then.
- Mr. De Castro's departure from the board is not due to any disagreements with management.
- Ms. Seshadri will be compensated according to the Company’s standard non-employee director compensation arrangements.
03—Questions
Frequently Asked Questions
Who is Raj Seshadri and what expertise does she bring to Fiserv's board?
Raj Seshadri is a new independent director joining Fiserv's board, effective November 30, 2026. She is 61 years old and brings extensive experience from the payments and financial services sectors. Most recently, she was the Senior Strategic Advisor to the CEO of Mastercard, and prior to that, served as Chief Commercial Payments Officer and President of Data and Services at Mastercard. Her background also includes leadership roles at BlackRock, Citigroup, and McKinsey & Company.
Why is Henrique De Castro leaving the board?
Henrique De Castro has informed the company that he has decided not to stand for re-election at the 2027 annual shareholder meeting. The filing explicitly states that this decision is not a result of any disagreement with management regarding the company's operations, policies, or practices.
How will Raj Seshadri be compensated as a director?
Ms. Seshadri will participate in Fiserv's standard non-employee director compensation arrangements, as detailed in the Non-Employee Director Compensation Schedule previously filed. She will also be eligible for the Non-Employee Director Deferred Compensation Plan and will enter into the Company’s standard Non-Employee Director Indemnity Agreement.
Are there any immediate financial implications from these board changes?
The immediate financial implications appear to be minimal. The filing indicates that Ms. Seshadri will be compensated under existing director compensation structures. The departure of Mr. De Castro is a planned transition and is not attributed to any financial disagreements. Investors should monitor future compensation disclosures and any strategic shifts that may arise from the new board composition.
04—Continue