Fiserv Names Yabuki To Replace Muma As CEO

Fiserv, Inc. has gone outside the company to name its new CEO. Jeffery W. Yabuki, has been named to succeed Leslie M. Muma as president and CEO of the company. Effective on or before Dec. 1, Yabuki will also serve as a member of the board of directors. Although Muma is retiring, he will continue on at Fiserv in a consulting capacity until June 30, and will serve as a director until the 2006 annual meeting. Yabuki, 45, joins Fiserv from H&R Block, Inc., where he spent six years and served as executive vice president and chief operating officer since 2002. In that role, Yabuki had oversight for the domestic and international tax businesses, e-commerce activities and the financial services business units operating under the H&R Block brand, as well as marketing, information technology, compliance and corporate development. He also served on H&R Block's Planning & Policy Committee. Muma was a primary driver of Fiserv's strategy of acquiring companies and allowing them to continue to function as free-standing entities.