News

Yabuki named Fiserv president, CEO, board member

November 7, 2005

BROOKFIELD, Wis. - Fiserv Inc. has appointed Jeffery W. Yabuki president, chief executive officer and a member of the company's board of directors. According to a news release, Yabuki's new positions take effect on or before Dec. 1.

Yabuki will succeed Leslie M. Muma, who is retiring as president and CEO. Muma will continue working with Fiserv in a consulting capacity until June 30, 2006, and as a director until the 2006 Fiserv annual meeting.

Yabuki, 45, joins Fiserv from H&R Block Inc., where he served as executive vice president and chief operating officer since 2002. At H&R Block Yabuki oversaw domestic and international tax businesses, e-commerce activities and the financial services business units operating under the H&R Block brand. He also led marketing, information technology, compliance and corporate development and served on H&R Block's Planning and Policy Committee.

"We are delighted Jeff has agreed to join Fiserv as our new CEO," said Donald F. Dillon, chairman of the Fiserv board of directors. "Over the past year, we have engaged in a thorough search process, with our top priorities focused on finding a candidate with the right blend of experience to grow Fiserv across its many businesses. Jeff brings a unique combination of strategic leadership, operational ability and extensive acquisition, integration and international business experience, and we are confident he is the right person to lead Fiserv. I am personally very pleased and believe that Jeff's broad base of skills will serve as an excellent complement to our deep and talented management team."