Gord Nixon joined BCE’s board in 2014, and will soon hit the company’s recommended 12-year tenure cap.

Former banking executive Gordon Nixon is leaving his longtime role as chairman of telecom BCE Inc. BCE-T and joining the board of U.S. fintech company Fiserv FI-N , whose stock fell 44 per cent Wednesday, after the company slashed its earnings forecast and announced a leadership shakeup.

Mr. Nixon joined BCE’s board in 2014, and will soon hit the company’s recommended 12-year tenure cap. He will step down from his role at the company’s annual general meeting next May, the company said Wednesday morning.

While the board can, in certain circumstances, extend that limit, no director has yet served more than 12 years, according to the company. The average tenure of the director nominee

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