Fiserv Names Ernst as CEO
Fiserv has hired Mark Ernst, former CEO of H&R Block, as its new chief operating officer. Ernest was chairman and CEO at Block from 1998 through 2007 and was most recently deputy commissioner for operations support at the Internal Revenue service until his resignation late last year. He will report to CEO Jeff Yabuki, who was COO under Ernst at the tax services chain.
In a prepared statement, the company said Ernst will oversee several areas including integrated product delivery, service quality, and meeting operational effectiveness goals. Ernst is the second former Block executive to join Fiserv under Yabuki. Steve Tait, who was president of Block's RSM McGladrey operations until 2009, serves Fiserv as group president, depository institution services group.
