BROOKFIELD, Wis. — Fiserv Inc. has named Lance Drummond its new executive vice president to lead several strategic growth initiatives and report to the chief executive.
According to a news release, this new role is to accelerate the development of certain business-line extensions in areas, including data analytics, consulting and wealth management. "Lance's proven track record in developing and operating scale businesses along with his experience leading digital and payments strategies is well aligned with our growth objectives," said Jeffery Yabuki, president and chief executive of Fiserv.
With more than 30 years of progressive business and technology experience, Drummond joins Fiserv after more than six years at Bank of America, where he most recently led the online bank and ATM operations. In this role, Drummond managed the largest consumer online bank in the United States, serving millions of active online consumers, bill payers and mobile subscribers. He was also responsible for delivering capabilities across the largest bank-owned network of ATMs in the country, including the deployment of deposit image ATMs.
Prior to B of A, Drummond was the service and fulfillment operations executive for global technology and operations, providing end-to-end operations support for all of the bank's customers, banking centers and 18,000 ATMs.
Drummond earned a bachelor's degree in business management from Boston University, a master's degree in business administration from the Simon Business School at the University of Rochester and a master's degree in management science from MIT.
