discover financial services board of directors

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ericwasserstrom@discover.com. Dan Capozzi was named executive vice president, president - US Cards in December 2020. The company issues the Discover card, America's cash rewards pioneer, and offers private student loans, personal loans, home loans, checking and savings accounts and certificates of deposit through its banking business. Credit Card, NHL Agreement, Home All rights reserved. In 2007, she served on the U.S. Department of the Treasury's Advisory Commission on the Auditing Profession. Discover Financial Services (NYSE: DFS) is a digital banking and payment services company with one of the most recognized brands in U.S. financial . Rawlinson was elected to Discovers Board of Directors and appointed to the Boards Audit Committee on Feb. 22. From October 2017 through February 2018, Mr. Thierer also served as the interim chief executive officer of Dentsply Sirona Inc., a manufacturer of dental implants. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Total operating expenses were up $94 million year-over year, or 9%, driven by higher expenses for marketing and employee compensation partially offset by lower information processing. Payment Services volume was $82.9 billion, up 6% year-over-year. The Board of Directors of Discover Financial Services declared a quarterly cash dividend of $0.50 per share of common stock payable on December 9, 2021, to holders of record at the close of business on November 24, 2021. Discover, Corporate The company issues the Discover card, America's cash rewards pioneer, and offers private student loans, personal loans, home loans, checking and savings accounts and certificates of deposit through its banking business. By providing your email address below, you are providing consent to Discover Financial Services to send you the requested Investor Email Alert updates. Prior to that, Ms. Wong held the role of chief business officer from 2011 to 2015 at Popsugar, Inc., a media and technology company, where she led business operations and the company's media and commerce businesses. She previously served as Time, Inc.s president of digital and then its chief operating officer from 2016 to 2018, where she led growth strategy and digital business transformation. Discover Financial Services (NYSE: DFS) is a digital banking and payment services company with one of the most recognized brands in U.S. financial services. It operates the Discover Global Network comprised of Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance around the world. Jon Drummond In 2021, Owen retired from Regions Financial after a successful 14-year tenure with the company where he oversaw the banks technology transformation, cybersecurity, data and analytics and artificial intelligence (AI) efforts. Weinbach most recently was chairman of Great Western Products Holdings, LLC, a manufacturer and master distributor of food and nonfood concession products, since 2009 and a managing director of Yankee Hill Capital Management, LLC, a private equity firm, since 2006. View the full release here: https://www.businesswire.com/news/home/20200504005773/en/. Loans, Student Agreement, Home Prior to joining Discover he served as CIO for NN Group in the Netherlands, a spin-off of ING. Agreement, Home He spearheaded Simplify and Grow, a strategic initiative focused on improving the customer experience, creating more effective processes and driving revenue growth. Inclusion, Accept Us, Terms Our solid second quarter results reflected robust revenue growth, characterized by strong sales, increased receivables growth and margin expansion, said Roger Hochschild, CEO and President of Discover. View source version on businesswire.com: of Use, Credit Back Rewards, Refer Employee compensation increase was driven by higher headcount and higher average salaries and benefits. Eric Wasserstrom Credit Card, NHL M.B.A. from the University of Chicago. Resources, ATM Responsibility, Diversity & robertweiss@discover.com. If you experience any issues with this process, please contact us for further assistance. Public Relations Provision for credit losses of $549 million increased $414 million from the prior year driven by a $110 million reserve build in the current quarter compared to a $321 million reserve release in the prior year quarter, partially offset by lower net charge-offs. Earlier in her career, Ms. Wong held several executive management roles at AOL and worked with a range of digital media and technology clients at McKinsey & Company. Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. Responsibility, Diversity & RIVERWOODS, Ill.--(BUSINESS WIRE)-- Equity Loans, Personal The total net charge-off rate of 1.80% was 32 basis points lower versus the prior year period reflecting strong credit performance across the portfolio. Keith Toney joined the Executive Committee in November 2020 as executive vice president, chief data and analytics officer. If you experience any issues with this process, please contact us for further assistance. RIVERWOODS, IL - January 15, 2016 - Discover Financial Services (NYSE: DFS) announced that Joseph F. Eazor has joined the company's Board of Directors. Maheras, 57, joined the board in 2008. Prior to that, he was the executive chairman of Unisys Corporation, a worldwide information services and technology company, from 2005 to 2006, and its chairman and chief executive officer from 1997 to 2004. Prior to his work at Grainger, Rawlinson held executive roles with ITT Exelis, formerly ITT Corp. Rawlinson holds a bachelors degree in political science from The Citadel, a law degree from the University of South Carolina and an MBA from Harvard Business School. From 2000 to 2009, he was president and chief executive officer of Ovation Pharmaceuticals Inc., a biopharmaceutical company he founded in 2000. Robert Weiss He served as independent chairman since January 2019. Such statements are based upon the current beliefs and expectations of the company's management and are subject to significant risks and uncertainties. a Friend, About Discover Financial Services is a holding company. The amount and timing of any future dividends and share repurchases are subject to the discretion of the companys board of directors and will depend upon the companys results of operations, financial condition, cash requirements, future prospects, market conditions, capital requirements, applicable law and regulations (including federal securities laws and federal banking regulations) and other factors, and may be subject to regulatory approval or conditions. Gregory C. Case has been chief executive officer of Aon plc, a leading global professional services firm providing advice and solutions in risk, retirement and health, since 2005 and was president from 2005 to 2018. This press release features multimedia. The company issues the Discover card, America's cash rewards pioneer, and offers private student loans, personal loans, home loans, checking and savings accounts and certificates of deposit through its direct banking business. Prior to joining Discover, he served as chief compliance officer at Wells Fargo where he oversaw the transformation of the enterprise compliance function, and Barclays where he held the roles of chief compliance officer and chief internal auditor. Personal loans net charge-off rate of 1.21% was down 59 basis points from the prior year and up 9 basis points from the prior quarter. jondrummond@discover.com Jeffrey S. Aronin has been chairman and chief executive officer of Paragon Pharmaceutical Capital, LLC since 2010. Chicago . RIVERWOODS, Ill.-- ( BUSINESS WIRE )--Discover Financial Services announced today that David L. Rawlinson II, chief executive officer of NielsenIQ, has joined the company's Board of Directors . Rawlinson has significant experience in global e-commerce, consumer trends, consumer data, and digital business-to-business operations. Discover similar companies. Mr. Rawlinson worked for ITT Exelis (formerly ITT Corp.) from 2009 to 2012, most recently as Vice President, General Counsel and Director of Corporate Responsibility of the Electronic Systems division. Discover, Unrealized Gains/(Losses) on Equity Investments, Realized Gains/(Losses) on Equity Investments, Net Income/(Loss) Allocated to Common Stockholders, Total Liabilities and Stockholders' Equity, Note: See Glossary for definitions of financial terms in the financial supplement which is available online at the SEC's website (. Credit Card, Business Discover, Corporate Andy holds a bachelors degree in government from Oberlin College, as well as a master's degree in Middle Eastern studies and an MBA in marketing, both from the University of Chicago. This press release features multimedia. . The company is suspending until further notice its existing share repurchase program because of an internal investigation relating to its student loan servicing practices and related compliance matters. RIVERWOODS, Ill.--(BUSINESS WIRE)--The Board of Directors of Discover Financial Services declared a quarterly cash dividend of $0.44 per share of common stock payable on June 3, 2021, to holders . Discover Financial Services (NYSE: DFS) is a digital banking and payment services company with one of the most recognized brands in U.S. financial services. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. As a member of Discover Global Network, we have the capabilities to suit your needs. Airlines. You can sign up for additional alert options at any time. Owen was elected to Discovers Board of Directors and appointed to the Boards Risk Oversight Committee on June 6, 2022. Prior to assuming this role, he served as president and chief executive officer of Conifer Health Solutions, a healthcare business solutions organization, from January August 2020. Carlos Minetti has served as executive vice president, president of consumer banking since February 2014. Mike oversees all aspects of the corporate risk management function. . If JavaScript is disabled, some of the functionality on our website The new program expires on December 31, 2021, and can be terminated at any time. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Mr. Eazor previously served as the president and chief executive officer of Earthlink, Inc., a leading communications and IT services provider, and was a member of EarthLinks board from January 2014 until February 2017. Card yield was 12.81%, up 29 basis points from the prior year primarily driven by higher market rates and lower interest charge-offs partially offset by a higher mix of receivables at a promotional rate. Ms. Bush is a member of the board of directors of ManTech International Corporation, T. Rowe Price Group, Inc., and Bloom Energy. RIVERWOODS, Ill.--(BUSINESS WIRE)-- Create your Watchlist to save your favorite quotes on Nasdaq.com. Tickets cost 110 - 150 and the journey takes 3h 19m. The Board of Directors of Discover Financial Services declared a semi-annual cash dividend on its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series D, in the amount of $3,062.50 per share. Loans, Cash To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 2023, Nasdaq, Inc. All Rights Reserved. Discover Financial Services : BOARD OF DIRECTORS APPROVES REPURCHASE OF UP TO $4.2 BILLION OF COMMON STOCK AND INCREASES THE QUARTERLY COMMON STOCK DIVIDEND 20% TO $0.60 PER SHARE - Form 8-K. . The dividend will be payable on October 31, 2022, to the holders of record at the close of business on October 14, 2022. Mr. Hochschild is also on the board of directors of Principal Financial Group. Discover Financial Services Names John Owen to its Board of Directors RIVERWOODS, Ill.-- (BUSINESS WIRE)-- Discover Financial Services announced today that John Owen, former chief operating officer of Regions Financial, has joined the company's Board of Directors. Discover Financial Services, Metropolitan Family Services, Principal Financial Group, Inc., The Student Loan Corp., Chicago Public Media, Inc., Principal Financial Services, Inc., Discover Financial Services (UK) Ltd. Mike has a bachelor of science degree in accounting from St. Johns University and completed the Tuck Executive Program at Dartmouth College. At Discover Financial Services, we promise to treat your data with respect and will not share your information with any third party. Diners Club volume was up 37% year-over-year reflecting an improvement in global travel and entertainment spending. Amidst evolving macroeconomic conditions, credit performance remains particularly strong, as delinquencies are stable and losses are rising modestly, reflecting slower than expected credit normalization. He joined Discover in December 2019 and has more than 20 years of information technology experience in financial services and analytics at organizations such as LexisNexis, Ernst & Young, LLP, Connexion Point, LLC, and Hartford Financial Services. 224-405-4555 Discover Financial Services (NYSE: DFS) is a digital banking and payment services company with one of the most recognized brands in U.S. financial services. From 2001-2015, he held various executive roles across ING. The company issues the Discover card, America's cash rewards pioneer, and offers private student loans, personal loans, home loans, checking and savings accounts and certificates of deposit through its direct banking business. Prior to joining Discover, John served as executive vice president, chief financial officer and treasurer at Bioverativ, a global biopharmaceutical company. Currently, he is the chairman of several of Paragons portfolio companies, including Harmony Biosciences Holdings, Inc. From 2010 to 2017, Mr. Aronin was also chairman and chief executive officer of Marathon Pharmaceuticals, a research-based prescription biopharmaceutical company. The dividend equals $30.625 per depositary share, each representing 1/100th interest in a share of the Series D Preferred Stock. He began his career in information systems with McDonnell-Douglas. She has overseen the PULSE Network since 2006. Shares of common stock outstanding declined by 2.0% from the prior quarter. Dr. Cynthia A. Glassman was appointed by President Bush as Under Secretary for Economic Affairs at the U.S. Department of Commerce from 2006 to 2009 and as Commissioner of the U.S. Securities and Exchange Commission from 2002 to 2006, including serving as Acting Chair during the summer of 2005. He is a former presidential appointee to the George W. Bush and Barack Obama administrations and served as a senior advisor for economic policy with the White House National Economic Council. Us, Terms You must click the activation link in order to complete your subscription. NOTE: Each bank's board of directors and senior management are responsible for establishing and maintaining an effective system of internal control, including controls over the Reports of Condition and Income. He previously served as vice president of operations for Graingers online business in 2015 and as deputy general counsel and corporate secretary from 2012 to 2014. Locator, Credit RIVERWOODS, Ill.--(BUSINESS WIRE)-- Discover Financial Services (NYSE: DFS): Second Quarter 2022 Results 2022 2021 YOY Change Total loans, end of period (in billions) $99.3 $87.7 13% T . and succession, compensation, corporate governance, public policy, international matters, banking and financial services. Actual results may differ materially from those set forth in the forward-looking statements. Eric Wasserstrom Owen was elected to Discovers Board of Directors and appointed to the Boards Risk Oversight Committee on June 6, 2022. Callas is situated in the Var department and Provence-Alpes-Cte d'Azur region. Responsibility, Diversity & The entire Discover community joins me in extending its deepest sympathies to Larrys family as the company mourns the untimely passing of our colleague, leader and friend, said Roger Hochschild, CEO and president of Discover. 81. At Discover Financial Services, we promise to treat your data with respect and will not share your information with any third party. Our success is built on diverse corporate management and financial industry experience. Scorecard, Cash Since its inception in 1986, the company has become one of the largest card issuers in the United States. From 1993 to 1998, Diane was at MBNA America Bank, most recently as senior executive vice president. will not work, such as the display of rates and APRs. Discover Financial Services announced today that John Owen, former chief operating officer of Regions Financial, has joined the companys Board of Directors. Ms. Wong is a member of the board of directors of Group Nine Acquisition Corp. Boulevard Du Marechal Joffre, (service Envoi Wu Sur Automate), Residence Espace Euro, Av De La 1ere Armee, Avenue Du Marechal Juin, (service Envoi Wu Sur Automate), Cours De La Republique, (service Envoi Wu Sur Automate), 49 Boulevard Jean Moulin, (service Envoi Wu Sur Automate), 112 Route Nationale, 7 Quartier Le Peyrouas, 13 Rue De L Egalite, (service Envoi Wu Sur Automate). Net charge-offs of $429 million were $27 million lower than the prior year period. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. Back Credit Card, Travel News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. a Friend, About Equity Loans, Personal Locator, Credit Copyright FactSet Research Systems Inc. All rights reserved. Joseph F. Eazor retired in July 2022 as the president and chief executive officer of Clario (formerly ERT and Bioclinical), a global data and technology company for clinical trials, where he served since October 2020. He previously served as vice president of operations for Graingers online business in 2015 and as deputy general counsel and corporate secretary from 2012 to 2014. Discover Financial Services published this content on 27 April 2022 and is solely responsible for the information contained therein. Mr. Eazor also served on the board of Commvault, a data protection and information management company, from 2015 to 2018. He continues to serve on Clarios board. First, we see that ten out of the eleven board members of DFS are independent and the only non . He has served on the executive committee since June 2017 and led credit operations and decision management from 2018 to 2020. Prior to joining Discover, Discover Financial Services, Inc. is an American financial services company, which issues the Discover Card and operates the Discover and Pulse networks, and owns Diners Club International. Prior to joining Discover, Dan held various leadership positions in finance at Citi and Bank of America. Discover -Inflation Is Making Home Improvement Projects Less Attainable for American Ho.. JPMorgan Adjusts Price Target on Discover Financial Services to $102 From $111, Keeps N.. RBC Lifts Price Target on Discover Financial Services to $125 From $122, Maintains Outp.. U.S. banks are dangling promotions to lock in customer deposits, analysts say. Prior to that, Owen was senior vice president of Global Systems Development for Citicorp Credit Services, chief information officer of North American operations for Arrow Electronics and senior vice president of technology for American Airlines. @Discover_News, Investor Relations From 2011 to 2013, he served as executive vice president and chief operating officer of global sales and customer operations at EMC and prior to that he served in a variety of leadership roles at Hewlett Packard and Electronic Data Systems. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. In order to enjoy the full experience of the Discover website, please turn JavaScript on. Copy and paste multiple symbols separated by spaces. For more information, visit www.discover.com/company. He also held various CFO roles in his 12-year tenure with General Electric from 1993 to 2005. Resources, ATM Roger C. Hochschild was named chief executive officer and president, effective October 2018, and was elected to the Discover board of directors in August 2018. For more information, visit www.discover.com/company. Since its inception in 1986, the company has become one of the largest card issuers in the United States. View the full release here: https://www.businesswire.com/news/home/20210223006141/en/, David L. Rawlinson II (Photo: Business Wire). He has served as chairman of the U.S. Treasury Department Borrowing Advisory Committee and as an executive committee member of the Board of Directors of the Securities Industry and Financial Markets Association. of Use, Credit View source version on businesswire.com: https://www.businesswire.com/news/home/20200504005773/en/. RIVERWOODS, Ill.--(BUSINESS WIRE)-- and skills applicable to our business, including in the areas of regulation, public accounting and financial reporting, finance, risk management, business development, technology, marketing, operations, strategic planning, management development By providing your email address below, you are providing consent to Discover Financial Services to send you the requested Investor Email Alert updates. Robert Weiss, 224-405-6304 Jon Drummond Total loans ended the quarter at $99.3 billion, up 13% year-over-year, and up 6% sequentially. Nelms joined Discover in 1998 as President and Chief Operating Officer. Previously, Mr. Rawlinson was the Chief Executive Officer of NielsenIQ (formerly Nielsen Global Connect), a global data and measurement company, from February 2020 to March 2021. Credit Card, NHL After submitting your request, you will receive an activation email to the requested email address. jondrummond@discover.com He is also chairman and chief executive officer of Paragon Biosciences, LLC, an affiliated global life science innovation and investment firm. Additional factors impacting dividends and share repurchases can be found in "Business - Supervision and Regulation", Risk Factors and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the company's annual report on Form 10-K for the year ended December 31, 2020, and Risk Factors in the companys quarterly report on Form 10-Q for the quarter ended June 30, 2021, which are filed with the SEC and available at the SEC's website (www.sec.gov). The credit card net charge-off rate was 2.01%, down 44 basis points from the prior year period and up 17 basis points from the prior quarter. After submitting your request, you will receive an activation email to the requested email address. Inclusion, Accept Here: https: //www.businesswire.com/news/home/20210223006141/en/, David L. rawlinson II ( Photo BUSINESS... 429 million were $ 27 million lower than the prior quarter year period has! Quotes are updated in real-time the requested Investor email Alert updates up 37 % year-over-year outstanding. And chief executive officer of Ovation Pharmaceuticals Inc., a data protection information.: //www.businesswire.com/news/home/20210223006141/en/, David L. rawlinson II ( Photo: BUSINESS WIRE.. Of Directors and appointed to the requested Investor email Alert updates succession,,. 30.625 per depositary share, each representing 1/100th interest in a share of the Investor you. Requested Investor email Alert updates of Ovation Pharmaceuticals Inc., a biopharmaceutical.. 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Owen was elected to Discovers Board of Commvault, a global biopharmaceutical company Services, we promise to treat data! Are updated in real-time takes 3h 19m tenure with General Electric from 1993 to 2005, he various!, Diversity & robertweiss @ discover.com Jeffrey S. Aronin has been chairman and chief executive officer of Ovation Pharmaceuticals,! Up 37 % year-over-year reflecting an improvement in global travel and entertainment spending appointed to the Boards Risk Committee. Services to send you the requested email address, the company has become one the.: //www.businesswire.com/news/home/20210223006141/en/, David L. rawlinson II ( Photo: BUSINESS WIRE ) Create!: //www.businesswire.com/news/home/20210223006141/en/, David L. rawlinson II ( Photo: BUSINESS WIRE ) for further assistance has significant in. Data and analytics officer mike oversees All aspects of the eleven Board of. 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Common Stock outstanding declined by 2.0 % from the prior quarter Services announced today that John Owen former..., you are providing consent to Discover Financial Services to send you the requested email below., please contact us for further assistance of at least 50,000 Services to send you the requested email. Provence-Alpes-Cte D & # x27 ; Azur region at Citi and Bank of.. Javascript on to complete your subscription experience any issues with this process, please turn JavaScript.., Terms you must click the activation link in order to complete your subscription About Equity Loans, Locator..., we promise to treat your data with respect and will not your. Risk Oversight Committee on June 6, 2022 Cards in December discover financial services board of directors sources:,. Statements are based upon the current beliefs and expectations of the Discover website, please us. General Electric from 1993 to 1998, Diane was at MBNA America Bank, most recently as senior vice... 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