Fiserv CEO Plans to Retire in '06

Leslie M. Muma, president and chief executive officer of Fiserv Inc., Brookfield, Wis., has announced that he plans to retire in June 2006."I believe that with this announcement -- tied to the creation of a Succession Committee of the Board -- we have taken a path to effect a smooth transition to new leadership over the next 20 months," Mr. Muma said. Mr. Muma also announced that Norm Balthasar, Fiserv's senior executive vice president and chief operating officer, has asked the board to remove his name from consideration for the CEO position. Mr. Balthasar noted his plans for retiring in 2008 and said he believes the corporation should look for a candidate with a longer time horizon. Fiserv provides data processing and information management systems to banks, mortgage lenders, and other financial institutions. It can be found online at http://www.fiserv.com.