Fiserv Names Takis Georgakopoulos CEO as Shares Drop 8% After Michael Lyons Exit
Updated
Updated · American Banker · Jun 15
Fiserv Names Takis Georgakopoulos CEO as Shares Drop 8% After Michael Lyons Exit
3 articles · Updated · American Banker · Jun 15
Summary
Takis Georgakopoulos took over as Fiserv CEO effective immediately after Michael Lyons left to become Truist Financial's chief executive, giving the fintech its second CEO in two years.
Fiserv shares fell more than 8% to $49.48 on Monday even after the company reaffirmed its 2026 guidance, extending a slide of more than 70% over the past year.
Analysts said the abrupt change deepens uncertainty because Lyons had been central to Fiserv's turnaround plan after a surprise third-quarter earnings slump and recent doubts about medium-term growth and margin targets.
Fiserv moved to steady management by promoting Dhivya Suryadevara to president and granting CFO Paul Todd a retention award tied to the CEO transition.
Georgakopoulos, a former JPMorgan payments executive who joined in 2024, is expected to push Clover, AI adoption, platform modernization and international growth as Fiserv tries to restore investor confidence.