Fiserv’s new CEO retains team

The company took immediate steps to retain other top executives. Suryadevara was promoted to president on Monday, according to an analyst report from TD Cowen. A Fiserv spokesperson declined to comment on that information.

Also, Chief Financial Officer Paul Todd received a stock grant equal to $5 million, according to the SEC filing, amounting to a measure designed to retain him.

https://www.paymentsdive.com/news/fiservs-new-ceo-retains-team/823029/?utm_campaign=Yahoo-Licensed-Content&utm_source=yahoo&utm_medium=referral

#CEO #Retention #StockGrant #ExecutiveTeam #Leadership

Comment! It's anonymous!

7 replies (most recent on top)

@d5 come to think of it, Frank rarely cut merit increases. High performers got paid, even during cost cutting.

I googled the offer letter...amazing. Good for her.
Salary is $1MM.
Received full cash bonus for 2025 of $1.25MM (even though she didn't start til Q4)
Received cash sign bonus of $2.1MM (which she keeps in event of Good Reason leaving).

I'm so glad that I could forgo my merit increase for her (there is heavy sarcasm here)

Azure down again.

Already making mistakes.

There is no way she stays. Look up her offer letter and read the part about resigning for good reason

She wasn't promoted - she just had the co moved. She will be gone before the end of her escape valve clause.

Oh boy! What I don’t understand she’s already the FIG president is going to the president of merchant side? While Suryadevera is discovering merchant side while stocks are going to aggressively discover the floor.

Thread regarding Fiserv Inc. layoffs

Fiserv’s new CEO retains team

7 replies (most recent on top)

Post a reply