Fiserv Poaches Countrywide CIO; Executive Exodus in the Offing?
Fiserv, Inc., a mortgage tech provider, said Friday that Richard K. Jones will join the company as executive vice president and its Chief Information Officer. Jones arrives at Fiserv after an 8 year stint as CIO at Countrywide Financial Corp., which agreed earlier in the day to merge with Bank of America after rumors of a pending bankruptcy had allegedly put the nation's largest lender on the precipice of insolvency. â€œRichard's proven experience leading technology in a world class financial services organization will bode very well for Fiserv,â€? said Jeffery Yabuki, president and CEO of Fiserv. â€œHis vast experience and leadership skills should significantly enhance the execution of our Fiserv 2.0 strategies. We are very pleased to have Richard on the team.â€? Jones' departure from Countrywide raises an interesting question: what will become of many senior executives at the company, now that they'll soon be part of Bank of America? Apparently, at least some execs aren't waiting to find out.