Social Security Administration Commissioner Frank Bisignano has been appointed the concurrent CEO of the Internal Revenue Service. In his role in the newly created post, he will report directly to Scott Bessent, secretary of the treasury and acting IRS commissioner, who announced Bisignano’s appointment Monday.
Bisignano’s Private Sector Track Record
The Senate confirmed Bisignano as SSA commissioner in May; the executive brought with him over 40 years of experience in major global financial institutions and technology firms. Before his appointment as the18th SSA commissioner, he led financial services and payment technology company Fiserv as chairman and CEO. Bisignano led in 2019 the merger of Fiserv and First Data, a payment processor where he was then the chairman and CEO.
He also had a previous stint at J.P. Morgan Chase as co-chief operating officer, as well as CEO of the company’s mortgage banking unit. In addition, he previously worked at Citigroup, performing various roles, including chief administrative officer and CEO of the company’s global transaction services unit.
Treasury Chief Comments on Bisignano’s New Role
Bessent described Bisignano as a businessman who brings to the public sector an “exceptional track record of driving growth and efficiency.” He noted that the IRS and SSA have technological and customer service goals similar with private companies, making Bisignano a “natural choice” for the concurrent roles.
“Under his leadership at the SSA, he has already made important and substantial progress, and we are pleased that he will bring this expertise to the IRS as we sharpen our focus on collections, privacy, and customer service in order to deliver better outcomes for hardworking Americans,” said the Treasury’s head.
