First Data Board Names CEO Bisignano Chairman
First Data Corporation , the global leader in payment technology and services solutions, today announced that its Board of Directors has named Frank Bisignano chairman in addition to his role as chief executive officer, effective March 5, 2014. Bisignano assumes the role from Joe Forehand, who has served as chairman since March, 2010, and will remain on the First Data Board of Directors.
“I am extremely honored to be named chairman, and I recognize that I follow in the footsteps of Joe Forehand, a great leader, who has served this company well,” Bisignano said. “With this additional role, I pledge to continue to lead the company in the direction we have set as we transform First Data into a highly collaborative partner capable of bringing new and innovative solutions to the market.”
Bisignano was named chief executive officer for First Data on April 29, 2013. Since then, he has moved to rapidly reposition the company from a traditional processing business to a product and technology solutions provider to merchants and financial institutions. Under Bisignano’s leadership, initiatives to focus on clients, increase operating efficiencies and bring innovation to the fast-paced payments industry have launched successfully. Bisignano also introduced an equity ownership plan that put stock in the hands of nearly all of First Data employees. In addition, under his leadership, the company unveiled the Clover™ Station , a transformational point-of-sale solution for small and medium sized businesses.
“Frank is a proven leader who is committed to First Data for the long haul,” said Forehand. “I am pleased to turn over the reigns as chairman to Frank who has definitely put First Data on the right trajectory for a successful future.”
Around the world, every second of every day, First Data  makes payment transactions secure, fast and easy for merchants, financial institutions and their customers. First Data leverages its vast product portfolio and expertise to drive client revenue and profitability. Whether the choice of payment is by debit or credit card, gift card, check or mobile phone, online or at the checkout counter, First Data takes every opportunity to go beyond the transaction. More information about the company is available on FirstData.com  as well as on Twitter , LinkedIn , Facebook  and YouTube .