First Data names Joseph Plumeri Vice Chairman of the Board

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First Data has announced that its Board of Directors has named Joseph J. Plumeri Vice Chairman, which took effect from May 13, 2014.

Plumeri was appointed to the First Data Board of Directors and as a senior advisor to KKR in August 2013. Since then he also has been serving as senior advisor to First Data Chairman and CEO Frank Bisignano, and as the head of First Data’s client delivery, innovation and marketing organization. He will continue in these roles.

“Joe’s passion for our clients and his long-term commitment to our company is a driving force behind our transformation and the success we have seen over the last few months,” said Bisignano. “He has improved our sales effectiveness and how we take care of our clients and collaborate with them to grow their businesses. I look forward to continuing to work with Joe as we move First Data forward.”

“Joe is a proven leader and value creator who is committed to First Data for the long haul,” said Henry Kravis, Co-CEO and Co-Chairman of KKR and a member of First Data’s Board of Directors. “Having known Joe personally for a long time and working alongside him at First Data and prior to that at the Willis Group, I know he will continue to be an incredible asset.”

“It is an honor to work with such great people at First Data and to help make a difference for the clients we serve,” Plumeri said. “First Data is the global leader in a fast-changing industry and I’m privileged to be a part of the company’s transformation.”

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