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Why Fiserv Plunged Today

The Motley Fool·
Why Fiserv Plunged Today

Fiserv stock plunged 11.3% after CEO Mike Lyons announced his departure to take the CEO role at Truist Financial, just one month after presenting the company's new turnaround plan. Takis Georgakopoulos will take over as CEO. While the abrupt departure raises concerns about the turnaround's progress, activist investor Jana Partners may have pushed for the change as part of broader demands for more aggressive restructuring.

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