First Data names new CEO


The Board of Directors of First Data Corporation has announced the Frank Bisignano has been named chief executive officer (CEO), effective April 29, 2013. He will also join the First Data board of directors concurrent with his appointment.

“Frank has a proven track record of catalyzing positive change on a global business operating in a dynamic industry. At Citigroup, he built – from the ground up – the largest transaction services business in the world and oversaw the largest technological and operations businesses in the financial services industry,” said Joe Forehand, Chairman of the Board of First Data.

Frank is known for managing technological innovation in customer-focused businesses, and can now apply his skills and experience to leading the largest transaction payment processing company in the world. Frank is the ideal CEO for First Data and having an executive of his caliber is exactly what we need to continue and grow our leadership role in payment processing globally.”

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