Les Muma - Biography

Les Muma

Les Muma’s career in data processing began with “cooperative education assignments” at Southern Bell (Jacksonville, Florida) and International Mineral and Chemical (Bartow, Florida) while attending the University of South Florida. He graduated from USF in 1966 with a degree in mathematics and then joined IMC in the IT Department. He later held a similar position at a Board of Public Instruction in Central Florida before joining Price Waterhouse in Tampa, Florida.

He entered the “bank” data processing business in 1971 when he joined a large savings and loan in Tampa. In 1973 he became president of the saving and loan’s data processing subsidiary (Sunshine State Systems) established by the savings and loan to service other financial institutions. In 1984, he and his management team did a leveraged buyout of Sunshine State Systems, by then servicing 40 clients, and within six months merged with a similar company in Milwaukee, Wisconsin to form Fiserv. He held the position of President and Chief Operating Officer of Fiserv from 1984 until 1999 when he was named Chief Executive Officer. Les retired from Fiserv June 30 th 2006.

From 1984 Fiserv grew, through a combination of organic growth (generally 8-10% per year) and by acquiring complimentary companies (128 acquisitions from 1984 – 2005). During those 21 years, Fiserv made the transition from being a relatively small private company with two locations, 350 employees and $21 million in revenue into a publicly traded company ( FISV’s IPO was in 1986) with more than 240 locations worldwide, 23,000+ employees and revenue in excess of $4.0 billion.

While in Milwaukee Les served on many charitable boards, including United Way of Greater Milwaukee, United Performing Arts Fund of Milwaukee, Boys and Girls Club of Wisconsin, Big Brothers and Big Sisters of Wisconsin and Junior Achievement of Wisconsin. Les currently serves as a director of Gold Shield Foundation and is on the USF Foundation Board where he co-chairs the Foundation’s Capital Campaign. He is also a Director of MGIC Investment Corporation.

Les was born in Cumberland, Maryland and was raised in Florida. He and his wife, Pam, reside in Belleair, Florida. Their daughter, Lisa, is married and lives in Charleston, South Carolina with her husband, Jon, and their two children, Jessica and Jonathan.