Fiserv (FI) Status Update summary

Leadership transition update

• CEO Frank Bisignano has been nominated as Commissioner of the Social Security Administration, pending Senate confirmation, and will remain in his current roles until then.

• A robust succession plan is in place, with the board prepared to act if and when confirmation occurs; internal and external candidates are being considered.

• Bisignano emphasized continuity, stating he will continue to lead and focus on company performance during the transition period, which is expected to last several months.

• The management team is described as deep and well-prepared, with multiple layers of talent ready to ensure ongoing stability.

Business outlook and guidance

• The company remains confident in its 2024 and medium-term financial commitments, including the $11.60 EPS target for 2026.

• Recent business activity, including October and November performance, supports the current guidance.

• No anticipated impact on government-related business lines due to the leadership transition; any potential conflicts will be managed appropriately.

• The company continues to focus on growth initiatives, such as the successful launch of Clover in Brazil.

Succession planning and continuity

• Succession planning has been a long-term priority, with contingency plans for both emergency and planned transitions.

• The board and CEO regularly review and refresh talent assessments to ensure readiness for leadership changes.

• No immediate plans to announce a successor until Senate confirmation is imminent.