Dive Brief:
- The payments processing giant Fiserv moved executive vice president Takis Georgakopoulos into the role of chief operating officer Wednesday, the company said in a Securities and Exchange Commission filing.
- Georgakopoulos replaced Guy Chiarello as COO, and was tasked with running Milwaukee-based Fiserv’s technology operations and merchant solutions business, according to the filing.
- Chiarello moved into the role of vice chair supporting enterprise technology strategy and solutions, effective Wednesday, the filing said.
Dive Insight:
A Fiserv spokesperson declined to provide additional details about Georgakopoulos’ job duties or compensation.
Jennifer LaClair will report to Georgakopoulos and continue to serve as head of merchant solutions, Fiserv’s filing indicated.
Georgakopoulos, who is 55, joined Fiserv in September following a roughly 17-year stint at JPMorgan Chase, the largest U.S. bank. Fiserv announced in June it had hired him as a senior adviser and member of the management committee. From 2017 to 2024, Georgakopoulos served as the head of global payments for JPMorgan’s corporate and investment bank. He previously served as a partner at the global consulting firm McKinsey & Co.
Fiserv is in the midst of a leadership transition. President Donald Trump nominated CEO Frank Bisignano to lead the Social Security Administration in December. Bisignano will leave the company in June unless he is approved by the Senate first, and Michael Lyons, former president of PNC, was named his replacement in January.
Bisignano faced an at-times contentious confirmation hearing March 26, in which senators grilled him about possible cuts to Social Security. The Fiserv CEO made few explicit promises but vowed to keep Social Security intact.
