Fiserv, Inc FI announced that Takis Georgakopoulos will join the company as a Senior Advisor, Executive Vice President, and a member of the Management Committee, effective September 3, 2024.
Georgakopoulos brings extensive experience in payment solutions and merchant services. He most recently served as Global Head of Payments at JP Morgan Chase & Co JPM, overseeing all aspects of the business, including technology, product, sales, and operations. Before JP Morgan, he was a partner at McKinsey & Company in New York.
In April, Fiserv reported fiscal first-quarter revenue growth of 7% year-on-year to $4.88 billion, beating the analyst consensus estimate of $4.57 billion. Adjusted EPS of $1.88 beat the analyst consensus estimate of $1.79.
Fiserv reiterated fiscal 2024 organic revenue growth of 15%-17% and raised the adjusted EPS outlook in April.
Fiserv stock has gained over 25% in the last 12 months. Investors can gain exposure to the stock via Vanguard Total Stock Market ETF VTI and Vanguard S&P 500 ETF VOO.
Price Action: FI shares were down 0.33% at $149.45 at last check Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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