The Globe and Mail reports in its Thursday edition that Gordon Nixon is leaving his longtime role as chairman of BCE and joining the board of U.S. fintech Fiserv Inc., whose stock fell 44 per cent Wednesday after the company slashed its earnings forecast and announced a leadership shakeup. The Globe's Irene Galea writes that 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 meeting next May. While the board can, in certain circumstances, extend that limit, no director has yet served more than 12 years. The average tenure of the director nominees is 5.69 years. Mr. Nixon was president and chief executive officer of Royal Bank of Canada between 2001 and 2014. In recent years, BCE's board has had to contend with a slowing telecom market and a high dividend payout that drew substantial investor concern. The board approved a major dividend cut earlier this year. In 2024, BCE paid Mr. Nixon $534,000 in fees. As of Dec. 31, 2024, he held common and deferred shares worth $4-million. BCE plans to replace him with Louis Vachon. The former National Bank of Canada CEO joined the board in 2022 and sits on two board committees.