discover financial services board of directors

discover financial services board of directors2020/09/28

View source version on businesswire.com: https://www.businesswire.com/news/home/20200504005773/en/. Back Rewards, Refer Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. Responsibility, Diversity & Ms. Bush served on the board of Marriott International, Inc. from 2008 to 2020. Owens track record of innovation for Regions includes his fintech partnership strategy, launching a new business focused on serving the underbanked population and the development of Regions mobile app, John brings nearly four decades of experience in the banking industry and has a wealth of knowledge related to technology transformation to enhance the customer experience, said Roger Hochschild, CEO and President of Discover. Services may be provided by Western Union Financial Services, Inc. NMLS# 906983 and/or Western Union International Services, LLC NMLS# 906985, which are licensed as Money Transmitters by the New York State Department of Financial Services. 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. At Discover Financial Services, we promise to treat your data with respect and will not share your information with any third party. It operates the Discover Global Network comprised of Discover Network, with millions of merchants 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. Locator, Credit Thomas G. Maheras was appointed independent chairman in May 2020, following his service as director starting in 2008. Ms. Duncan retired from KPMG LLP, a global network of professional firms providing audit, tax and advisory services, in November 2013 where she had been managing partner of the Washington, D.C. metropolitan area since 2009. Prior to that, she served in various roles at the firm, including managing partner for audit for the Midatlantic area and audit partner in charge for the Virginia business unit. 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. . You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. The student loan net charge-off rate was 1.08%, up 55 basis points from the prior year and up 39 basis points from the prior quarter. Board of Directors. Discover Financial Services Names David L. Rawlinson II to Its Board of Directors, https://www.businesswire.com/news/home/20210223006141/en/, Contact of Use, Credit Owen was elected to Discovers Board of Directors and appointed to the Boards Risk Oversight Committee on June 6, 2022. His background in information solutions and global perspective will help Discover continue to succeed as a leading digital consumer bank.. If you experience any issues with this process, please contact us for further assistance. Loans, Cash You must click the activation link in order to complete your subscription. First, we see that ten out of the eleven board members of DFS are independent and the only non . Both the earnings release and the financial supplement are available online at the SEC's website (http://www.sec.gov) and the company's website (https://investorrelations.discover.com). The company will host a conference call to discuss its second quarter results on Thursday, July 21, 2022, at 7:00 a.m. Central Time. In order to enjoy the full experience of the Discover website, please turn JavaScript on. She has overseen the PULSE Network since 2006. This press release features multimedia. For more information, visit www.discover.com/company. Resources, ATM His experience and knowledge of the business will be invaluable to us in his new capacity as chairman, said Hochschild, who also is a board member. Loans, Cash Since its inception in 1986, the company has become one of the largest card issuers in the United States. 224-405-4555 Amir Arooni joined Discover in March 2020 as executive vice president, chief information officer. 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. Us, Terms of Use, Credit The Board of Directors declared a quarterly cash dividend of $0.60 per share of common stock payable on September 8, 2022, to holders of record at the close of business on August 25, 2022. Back Rewards, Refer 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. Ms. Bush served on the board of Marriott International, Inc. from 2008 to 2020. 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 . He joined Discover in February of 2021 as chief compliance officer and was subsequently named the role of chief risk officer in July 2021. Data may be intentionally delayed pursuant to supplier requirements. For more information, visit www.discover.com/company. Loans, Student This press release features multimedia. Rawlinson was elected to Discovers Board of Directors and appointed to the Boards Audit Committee on Feb. 22. At Discover Financial Services, we promise to treat your data with respect and will not share your information with any third party. Credit Card, NHL Hope Mehlman joined Discover in January 2023 and is the chief legal officer, general counsel and secretary. 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. 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. 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. 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. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. . Director, Chief Executive Officer and President, Executive Vice President, Chief Financial Officer, Executive Vice President, Chief Information Officer, Executive Vice President, President US Cards, Executive Vice President, Chief Human Resources and Administrative Officer, Executive Vice President, Chief Legal Officer, General Counsel and Secretary, Executive Vice President, President - Consumer Banking, Executive Vice President, President - Payment Services, Executive Vice President, Chief Risk Officer, Executive Vice President, Chief Data and Analytics Officer. Eric Wasserstrom 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 . Back Credit Card, Travel He spearheaded Simplify and Grow, a strategic initiative focused on improving the customer experience, creating more effective processes and driving revenue growth. Back Credit Card, Travel The Discover Board of Directors has appointed board member Thomas Maheras as Chairman, effective immediately, following the unexpected May 1 death of Chairman Lawrence Weinbach. a Friend, About . Back Rewards, Refer @Discover_News, Investor Relations A financial summary follows. Rawlinson has significant experience in global e-commerce, consumer trends, consumer data, and digital business-to-business operations. 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. Prior to joining Discover, John served as executive vice president, chief financial officer and treasurer at Bioverativ, a global biopharmaceutical company. By providing your email address below, you are providing consent to Discover Financial Services to send you the requested Investor Email Alert updates. 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. Active in the community, Mr. Owen has served on the boards of directors for the Birmingham Business Alliance, Innovation Depot and the United Way of Central Alabama, as well as the advisory board for the UAB Collat School of Business. 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. Non-interest income increased $99 million, or 22%, from the prior year period, mainly driven by higher discount/interchange revenue and loan fee income partially offset by higher rewards cost driven by elevated sales volumes. Since its inception in 1986, the company has become one of the largest card issuers in the United States. The company routinely evaluates and may pursue acquisitions of or investments in businesses, products, technologies, loan portfolios or deposits, which may involve payment in cash or the company's debt or equity securities. Payment Services pretax income of $20 million was down $672 million year-over-year. Fundamental company data and analyst estimates provided by FactSet. Scorecard, Cash Type a symbol or company name. Prior to that, he was chairman and co-chief executive officer of Citi Markets and Banking, the investment banking division of Citigroup, Inc. Discover Financial Services Names John Owen to its Board of Directors, Contact 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. He served as independent chairman since January 2019. Since its inception in 1986, the company has become one of the largest card issuers in the United States. Such statements are based upon the current beliefs and expectations of the company's management and are subject to significant risks and uncertainties. Rawlinson was elected to Discovers Board of Directors and appointed to the Boards Audit Committee on Feb. 22. Since its inception in 1986, the company has become one of the largest card issuers in the United States. Locator, Credit The small village is centred around its traditional church, which is surrounded by a circle of medieval houses that formed the original defences for the village. Locator, Credit Credit Card, NHL 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. Credit Card, Student 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. jondrummond@discover.com SNCF also services this route 3 times a day. Wells Fargo Adjusts Discover Financial Services Price Target to $103 From $105, Maintai.. Free Resources From Discovery Education Support Financial Capability Month, Discover Financial Services Announces 2023 Annual Meeting of Shareholders, AL RAJHI BANKING AND INVESTMENT CORPORATION, HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED, President, Chief Executive Officer & Director, Chief Financial Officer & Executive Vice President, Chief Human Resources & Administrative Officer. Net charge-offs of $429 million were $27 million lower than the prior year period. The Board of Directors declared a quarterly . Jon Drummond Agreement, Home He has been the managing partner of Tegean Capital Management, LLC since 2008, and a partner and Chief Investment Officer of Iron Park Capital Management, LLC since 2019, two investment advisory firms based in New York. 224-405-1888 Back Credit Card, Travel Discover, Corporate In 2007, she served on the U.S. Department of the Treasury's Advisory Commission on the Auditing Profession. Discovers Board will now stand at thirteen directors. Diane E. Offereins was named executive vice president, payment services in 2008 with responsibility for Discover Network, PULSE and Diners Club International. David adds another expert perspective to the deep experience of our current Board with his track record of success in digital commerce, said Roger Hochschild, CEO and president of Discover. I am confident that he will help Discover continue to succeed as a leading digital bank and payments company and look forward to Johns contributions as a member of our already strong Board.. By providing your email address below, you are providing consent to Discover Financial Services to send you the requested Investor Email Alert updates. If you experience any issues with this process, please contact us for further assistance. Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. 224-405-5923 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. The health of our customers and the strength of our integrated digital banking and payments model gives us confidence that we remain well positioned to generate substantial shareholder value through a range of economic environments.. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Discover Financial Services (NYSE: DFS) is a digital banking and payment services company with one of the most recognized brands in U.S. financial . 224-405-5923 Rawlinson has significant experience in global e-commerce, consumer trends, consumer data, and digital business-to-business operations. Prior to that, he was chairman and co-chief executive officer of Citi Markets and Banking, the investment banking division of Citigroup, Inc. The Digital Banking segment focuses on consumer banking and lending products, specifically Discover-branded credit cards issued to individuals on the Discover Network and other consumer banking products and services including private student loans, personal loans, home loans, and deposit products. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. PULSE dollar volume was flat year-over-year primarily driven by receding spend on debit products related to the end of federal stimulus programs. From 2000 to 2009, he was president and chief executive officer of Ovation Pharmaceuticals Inc., a biopharmaceutical company he founded in 2000. Flayosc is a pretty medieval village that is less touristic than many of the villages in this region. Owens track record of innovation for Regions includes his fintech partnership strategy, launching a new business focused on serving the underbanked population and the development of Regions mobile app, John brings nearly four decades of experience in the banking industry and has a wealth of knowledge related to technology transformation to enhance the customer experience, said Roger Hochschild, CEO and President of Discover. ericwasserstrom@discover.com. Credit Card, Business Since joining Discover in 2007, Dan has held leadership positions in the deposits business and corporate finance. From 2001-2015, he held various executive roles across ING. It operates the Discover Global Network comprised of Discover Network, with millions of merchants 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. Below you can see some of the places that we have visited and reviewed and can recommend when you are sightseeing close to Callas in Provence-Alpes-Cte d'Azur. Financial, statistical, and business related information, as well as information regarding business and segment trends, is included in the financial supplement filed as Exhibit 99.2 to the company's Current Report on Form 8-K filed today with the Securities and Exchange Commission (SEC). And was subsequently named the role of chief risk officer in July 2021 of $ 429 million were 27... On the board of Directors and appointed to the Boards discover financial services board of directors Committee on 22! & Ms. Bush served on the board of Directors and appointed to the Boards Audit Committee on 22... Was named executive vice president, chief information officer link in order to complete your subscription income... On Feb. 22 with any third party of 1995 consumer data, and digital business-to-business operations starting 2008... 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