Fiserv Goes External for new CEO

BROOKFIELD, Wis. -Fiserv announced that Jeffery W. Yabuki has been named as the company’s new president, CEO and member of the board effective on or before Dec. 1, 2005. He succeeds Leslie Muma who is retiring but will continue as a consultant until June 30, 2006. Yabuki, 45, most recently worked for H&R Block where he spent six years and has been executive vice president and chief operating officer since 2002. Prior to joining H&R Block, Yabuki spent 12 years with American Express, his last position as president and CEO of American Express Tax and Business Services. Yabuki also serves as a director of PetSmart, Inc. and MBIA, Inc. “I welcome Jeff as my successor and, although I will miss the camaraderie and excitement of working with our wonderful people, I am proud to retire from Fiserv having helped to build a great global company. I wish the entire team much continued success as Fiserv continues to grow under Jeff’s leadership,” said Muma. Fiserv also announced that Kenneth R. Jensen, senior executive vice president, chief financial officer and treasurer, plans to retire effective in approximately nine months. Fiserv of course has a major presence in the credit union industry with seven data processing subsidiaries.