Verifone, a global provider of payment solutions has announced the appointment of Himanshu Patel as the new CEO. Patel who comes to Verifone after ten years at First Data Corporation and Fiserv, will join the company as CEO on November 1.

As the new CEO, Patel will set the strategy and focus for more than 4,500 payments architect and commerce expert employees who provide in-person, online, and omnichannel commerce solutions to all business verticals in all corners of the world. 

Before First Data Corporation and Fiserv, Patel worked with JPMorgan for 16 years in a variety of roles. Most recently he served as Fiserv’s EVP and Co-Head Financial Institution Group.

Himanshu has succeeded Mike Kohlsdorf as CEO who has been CEO since August 2023. The outgoing CEO will remain on Verifone’s Board of Directors. During his tenure, Kohlsdorf focused on and has been successful in enhancing employee, customer, and shareholder satisfaction, as well as broadening current partnerships and starting new ones. 

“The payments space remains extremely fast-paced and exciting, and Verifone’s solutions are on the cutting edge,” said Patel.

“Himanshu’s industry experience and track record of success are world-class and will serve him well in ensuring customer satisfaction while leading Verifone’s employees in driving valuable solutions to market,” said Peter Christodoulo, Partner at Francisco Partners.