Fiserv Inc (NASDAQ:FISV) insider has recently participated in insider trading activity. President and CEO, YABUKI JEFFERY W sold 11,000 shares for $1,052,540 via one transaction Feb 17. Following the transaction, the insider now owns 395,376 shares in total, priced at $38082616.32 as of Thursday. Another notable insider trading was done by the same insider on Dec 16. YABUKI JEFFERY W Sold 14,000 shares at an average price of $93.64 for a total of $1,310,920. Moreover, this insider carried out a sale of 14,000 shares at $95.64 each on Nov 18. The transaction amounted to $1,338,952. Chief Financial Officer Hirsch Thomas J sold 18,554 shares for $1,788,977 through one transaction Nov 23. Following this sale, this insider’s stake in the company comprises 62,090 shares, priced at $5980508.8 as of Thursday.
The stock has experienced a total of 9 insider trades in the past three months. These trades include 8 sell activities and 1 buy trades. Furthermore, over the past 12 months, the stock was traded 60 times by insiders. In 49 of these trades, the insider was a seller while an employee of the company was the buyer in just 11 instances.
Fiserv Inc (FISV) on February 16, 2016 announced that Robert Hau will join the company as chief financial officer on March 14, 2016.
Hau’s professional background includes nearly 30 years of progressive business and financial leadership roles. He most recently served as executive vice president and chief financial officer of TE Connectivity Ltd. (TEL), a $12 billion global product technology company that designs and manufactures connectivity and sensor solutions for a variety of industries. Prior to joining TE Connectivity, Hau served as executive vice president and chief financial officer for Lennox International Inc. (LII), and also spent 22 years at Honeywell International Inc. in a variety of progressive leadership roles, including as chief financial officer of its Aerospace Business Group, Specialty Materials Business Group and Aerospace Electronic Systems Unit.
“Bob’s proven track record as a public company CFO along with his strong operational approach to finance will complement our management team very well,” said Jeffery Yabuki, President and Chief Executive Officer, Fiserv. “We are excited to welcome him to Fiserv.”
Hau holds a master’s degree in business administration from the USC Marshall School of Business and a bachelor’s degree in business administration from Marquette University.
Hau succeeds Tom Hirsch, who is retiring after a distinguished 21-year career with Fiserv. Hirsch was named chief financial officer in 2006 and will continue through the year as a special consultant to the company.
“We are grateful to Tom for his leadership and contributions to our clients, associates and shareholders. We wish him and his family success in the next chapter of their lives,”
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