First Data Corporation has announced that its Board of Directors has named Frank Bisignano as chairman in addition to his role as chief executive officer.
Bisignano assumes the role from Joe Forehand, who has served as chairman since March 2010, will remain on the First Data Board of Directors.
“I am extremely honored to be named chairman, and I recognize that I follow in the footsteps of Joe Forehand, a great leader, who has served this company well,” Bisignano said. “With this additional role, I pledge to continue to lead the company in the direction we have set as we transform First Data into a highly collaborative partner capable of bringing new and innovative solutions to the market.”
“Frank is a proven leader who is committed to First Data for the long haul,” said Forehand. “I am pleased to turn over the reigns as chairman to Frank who has definitely put First Data on the right trajectory for a successful future.”
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