First Data Corp. executives say the company has no plans for an initial public offering — but its choice of a chief executive seems to say otherwise.

In introducing its new CEO, Joe Forehand, on Thursday, the Atlanta processor repeatedly stressed one key point on his resume: his leadership of Accenture PLC through its 2001 IPO.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.