The Milwaukee Business Journal is reporting that Fiserv Vice Chairman will resign at the end of this quarter:

Peter Kight, who is the founder and former CEO of CheckFree Corp., will resign as vice chairman of Fiserv Inc. at the end of Fiserv’s first quarter March 31.

Kight, who is 52, has informed Jeff Yabuki, CEO of Brookfield-based Fiserv (NASDAQ: FISV) of his plans “in order to devote more time to interests outside the company,” according to a Fiserv filing with the U.S. Securities and Exchange Commission. Kight will continue to serve as a director of Fiserv.



Fiserv, a financial technology and processing firm, in December 2007 closed on a $4.4 billion acquisition of Atlanta-based CheckFree Corp., which is one of the largest providers of online banking and electronic payment technology. At the time Kight, who was CheckFree’s chairman and CEO, took the role of Fiserv vice chairman and was assigned to lead new product development and strategic integration.



Kight founded CheckFree in 1981 in his grandmother’s basement with a plan to provide electronic funds transfer services to businesses and consumers.