He holds an MSc. He has been the managing partner of Tegean Capital Management, LLC since 2008, and a partner of Iron Park Capital Management, LLC since 2019, two investment advisory firms based in New York. Other members of the board will include: Discovery’s Executive Committee implements the strategies approved by the Discovery Limited Board of Directors. jondrummond@discover.com. “I benefitted greatly from Larry’s steady guidance and stewardship, and I am grateful for having had the opportunity to work so closely with him.”. Board members must think strategically, engage in open dialogue, and work collaboratively. Our directors have a combined wealth of leadership experience derived from extensive service guiding large, complex organizations as executive leaders or board members, and in government and academia. Our success is built on diverse corporate management and financial industry experience. 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. Roger C. Hochschild. We thrive on diversity & inclusion. A member of its Board of Directors, she led the company’s successful initial public offering in July 2014 and split-off from GE in November 2015. 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. Agreement, Home 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. She is a Senior Research Scholar at the Institute for Corporate Responsibility at the George Washington University School of Business and a member of the Dow Jones Special Committee. Member of The Penn Mutual Board of Trustees. Discover, Corporate Independent Chairman - Risk Oversight Committee, Director - Compensation and Leadership Development Committee, Director - Nominating and Governance Committee (Chair), Risk Oversight Committee, Director - Compensation and Leadership Development Committee (Chair), Director - Audit Committee, Nominating and Governance Committee, Director - Risk Oversight Committee (Chair), Director - Compensation and Leadership Development Committee, Nominating and Governance Committee. 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. The Chairman and the members of the Board are appointed by the Prime Minister for a term not exceeding five years. He served as managing partner and chief executive of Andersen Worldwide, a global professional services organization, which included Arthur Andersen and the company now known as Accenture from 1989 to 1997. 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. The company operates through two segments: Direct Banking and Payment Services. Discover Dexus Discover Dexus . Loans, Identity Subscribe to this site. 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. The Investor Relations website contains information about The PNC Financial Services Group, Inc.'s business for stockholders, potential investors, and financial analysts. will not work, such as the display of rates and APRs. “The entire Discover community joins me in extending its deepest sympathies to Larry’s family as the company mourns the untimely passing of our colleague, leader and friend,” said Roger Hochschild, CEO and president of Discover. Director, Chief Executive Officer and President. He was a member of the Group Executive Committee since 1986 and Deputy Managing Director since 1996. He also has an extensive background in consumer finance, including the private label credit card industry. 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. He served as independent chairman since January 2019. He retired as president and chief executive officer of the Federal Reserve Bank of Chicago in 2007, where he had served since 1994. Ms. Duncan also was on the KPMG LLP board of directors from 2009 to 2013, and served as chair of the board's nominating committee as well as the partnership and employer of choice committee. Chairman and Chief Executive Officer of The Penn Mutual Life Insurance Company. RIVERWOODS, Ill.--(BUSINESS WIRE)-- Since 2003, Mr Gogo has served as Board Chairman for the MFund Board. The Review’s call for the mandating of independent trustee directors was followed by a Federal Government consultation into superannuation governance, which in a 2013 consultation paper stated that a threshold issue for superannuation governance is the number of independent directors. Prior to his appointment at Discover, Nelms was Vice Chairman of MBNA America Bank. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. It operates through the Direct Banking and Payment Services segments. He is also chairman and chief executive officer of Paragon Biosciences, LLC, a global healthcare development and biopharmaceutical Company profile page for Discover Financial Services including stock price, company news, press releases, executives, board members, and contact information (d) Exhibits Exhibit No. It operates through its subsidiaries, Discover Bank and Discover Home Loans, Inc. Prior to joining McKinsey, he worked for the investment banking firm of Piper, Jaffray and Hopwood and the Federal Reserve Bank in Kansas City. 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. The Board of Governors is also responsible for advising Government on matters relating to the development and regulation of the financial services sector. Discovery Limited is governed by a Board of Directors that consists of 19 members – nine are executive and 10 are non-executive. “Larry was an exceptional leader who will be greatly missed,” Maheras said. Served as President of New England Financial, a wholly owned subsidiary of MetLife, and Senior Vice President of the Guardian Life Insurance Company. Discover Financial Services . If you experience any issues with this process, please contact us for further assistance. 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. The Board of Directors, which is responsible for the overall coordination and strategic direction of the FSA, is comprised of experienced individuals in wide ranging fields of expertise, such as Finance, Accounting, Law and Insurance. Mr. Moskow serves on the board of directors of Commonwealth Edison Company, a subsidiary of Exelon Corporation, and Flowstone Private Equity Opportunity Fund. 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. Responsibility. At Discover Financial Services, we promise to treat your data with respect and will not share your information with any third party. She has served as managing director of the Federal Housing Finance Board, where she established financial policies and oversaw management and safety and soundness for 12 Federal Home Loan Banks. Its readers are at the very pinnacle of business: board chairmen, CEOs and members of senior management, corporate board members, and board advisers The 2020 FPA Board of Directors is responsible for setting the vision and strategic direction for the association, using FPA's core beliefs as the key filters for making decisions in a fiduciary capacity on behalf of members and constituents. RIVERWOODS, Ill.--(BUSINESS WIRE)--Jul 19, 2019--Discover Financial Services announced today that Jennifer L. Wong, chief operating officer at Reddit, Inc., has joined the company’s Board of Directors. Loans, Student Ms. Duncan was admitted to the KPMG LLP partnership in 1987 and had more than 35 years of experience as a professional with the firm. Discover Financial Services Officers & Directors David W. Nelms has served as our Chairman since January 2009 and our Chief Executive Officer since 2004, and was also our Chairman from 2004 until our spin-off from Morgan Stanley in 2007. Mr. Eazor also served on the board of Commvault, a data protection and information management company, from 2015 to 2018. The Board composition is as follows: Leon Snagg – Chairman; Alma Dougan – Deputy Chair 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. 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 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. Resources, ATM 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. Discover Financial Services Names Jennifer L. Wong to Board of Directors RIVERWOODS, Ill.--( )-- Discover Financial Services announced today that Jennifer L. Wong, chief operating officer at Reddit, Inc., has joined the company’s Board of Directors.read more He served as independent chairman since January 2019. Item 9.01 Financial Statements and Exhibits. This press release features multimedia. and succession, compensation, corporate governance, public policy, international matters, banking and financial services. Discover Financial Services; Discover Financial Services ... Directors & Boards is a quarterly magazine dedicated to the topics of leadership and corporate governance. in Economics from the North Carolina State University, USA. § 1831o-1) and section 225.4(a) of Regulation Y of the Board of Governors of the Federal Reserve System The distribution of Discover isscheduled to occur on June 30, 2007. View source version on businesswire.com: She served as vice president and head of International Finance of Fannie Mae and as the U.S. Alternate Executive Director of the International Monetary Fund Board. Mr. Hochschild was president and chief operating officer of Discover from 2004 to 2018. Board Members: Dr. Glassman served on the board of Navigant Consulting, Inc. from 2009 to 2019. Theft Protection, Cash Mr. Eazor was executive vice president and chief customer officer of computer software company Oracle Corporation, from July 2019 to January 2020, and chief executive officer of Rackspace, a leading managed cloud company, from 2017 to 2019. Scorecard, Cash On November 24, 2020, Julie A. Loeger provided notice of her retirement from Discover Financial Services, effective December 31, 2020. In 2007, she served on the U.S. Department of the Treasury's Advisory Commission on the Auditing Profession. View the full release here: https://www.businesswire.com/news/home/20200504005773/en/. Mary K. Bush has served as the chairman of Bush International, LLC, a financial and business strategy advisory firm, since 1991. a Friend, About You must click the activation link in order to complete your subscription. Chairman: Prof. John Mamo, LL.D., B. Litt (Oxon. Weinbach, who was 80, joined Discover as an original board member when the company went public in 2007 and was lead director on Discover’s board from 2009 to 2018. I am pleased to inform you that the company’s Board of Directors approved the distribution of all of the common stock of Discover Financial Services, a wholly-owned subsidiary that isaleading credit cardissuer and electronic payment services company. Roger was president and chief operating officer of Discover from 2004 to 2018. Mr. Hochschild is also on the board of directors of Principal Financial Group. https://www.businesswire.com/news/home/20200504005773/en/, Media Contact: Chat Follow Unfollow. Us, Terms You can sign up for additional alert options at any time. After submitting your request, you will receive an activation email to the requested email address. He is also a member of Aon's board of directors. They collectively have substantive knowledge Public Relations Equity Loans, Personal 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. 224-405-1888 Mr. Thierer previously served as chairman and chief executive officer of Catamaran Corporation, one of the nation's largest pharmacy benefit management companies, from March 2011 until it combined with OptumRx in 2015. “Tom’s replacement of Larry under these unfortunate circumstances will provide continuity for Discover. The board of directors of DFS shall take appropriate steps to fully utilize DFS's financial and managerial resources, pursuant to section 38A of the FDI Act (12 U.S.C. Send me real-time posts from this site at my email . In 2009, Ovation Pharmaceuticals was acquired by Lundbeck, Inc. Mr. Aronin served as president and chief executive officer of Lundbeck, Inc. during 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. Ms. Bush is a member of the board of directors of ManTech International Corporation, Marriott International, Inc., T. Rowe Price Group, Inc., and Bloom Energy. Joseph F. Eazor is the president and chief executive officer of ERT, a global data and technology company that helps minimize risk in clinical trials. Mark A. Thierer is managing partner of AssetBlue Investment Group, a position he has held since 2017. He served as independent chairman since January 2019. Kenneth L. Keller Vice President, Commercial Loan Officer Peoples Security Bank & Trust Doylestown, PA Discover Financial Services (NYSE: DFS) is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. Jon Drummond Mr. Hochschild was president and chief operating officer of Discover from 2004 to 2018. Credit Card, Student Mr. Thierer is a member of the board of directors of Xeris Pharmaceuticals, Inc. Jennifer L. Wong has been the chief operating officer of Reddit, Inc., a community and discussion platform, since 2018, where she oversees business strategy and growth, and related teams for the company. Board of Directors. Our Leadership ), BA. its acquisition and integration of Ovation Pharmaceuticals. Michael H. Moskow is currently Vice Chair and Distinguished Fellow, Global Economy at The Chicago Council on Global Affairs. For more information, visit www.discover.com/company. Jeffrey S. Aronin has been chairman and chief executive officer of Paragon Pharmaceutical Capital, LLC since 2010. Board of Directors Mark A. Beck Mark A. Beck served as President and Chief Executive Officer of JELD-WEN Holding, Inc. (JELD-WEN), one of the world’s largest door and window manufacturers, from November 2015 to February 2018, and was a director of JELD-WEN from May 2016 to February 2018. Peter S. Burgess, CPA has served on our board of directors since 2004. By providing your email address below, you are providing consent to Discover Financial Services to send you the requested Investor Email Alert updates. of Use, Credit Roger C. Hochschild, chief executive officer and president of Discover, was elected to the board in August 2018. Discover Financial Services is an equal opportunity employer (EEO is the law). 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. Lawrence Weinbach (Photo: Business Wire) Weinbach, who was 80, joined Discover as an original board member when the company went public in 2007 and was lead director on Discover’s board from 2009 to 2018. Credit Card, Cardmember Credit Card, NHL Shares Out 323.73M. RIVERWOODS, Ill.-- ( BUSINESS WIRE )--Discover Financial Services announced today that Jennifer L. Wong, chief operating officer at Reddit, Inc., has joined the company’s Board of Directors. Please Note: JavaScript is not enabled in your web browser. Last week, Discover Financial Services announced that its board of directors has declared a quarterly cash dividend of $0.35 per common share. In 1999, Mr. Burgess retired from Arthur Andersen LLP where he was an accounting and business advisory partner serving numerous manufacturing, insurance and financial services enterprises. Discover Financial Services history, profile and corporate video Discover Financial Services is a direct banking and payment services company. Prior to joining Aon, Mr. Case was with McKinsey & Company, an international management consulting firm, for 17 years, most recently serving as head of the Financial Services Practice. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. From 2000 to 2009, he was president and chief executive Discover Board Appoints Thomas Maheras as Chairman Following Death of Lawrence Weinbach, https://www.businesswire.com/news/home/20200504005773/en/, Contact The dividend is payable on March 8 to shareholders of record as of February 22. In order to enjoy the full experience of the Discover website, please turn JavaScript on. Since its inception in 1986, the company has become one of the largest card issuers in the United States. Ms. Duncan is a member of the board of directors of Teleflex Inc. and served on the board of FTD Companies, Inc. from 2014 to 2019. He was executive vice president, chief administrative and strategic officer for Morgan Stanley from 2001 to 2004, and was executive vice president, chief marketing officer - Discover from 1998 to 2001, when Discover was a part of Morgan Stanley. Back Credit Card, Travel Description 104 Inline XBRL for the cover page of this Current Report on 8-K. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support investment firm. Roger C. Hochschild, chief executive officer and president of Discover, was elected to the board in August 2018. Discover Financial Services is a holding company, which engages in the provision of direct banking and payment services. proxy — discover financial services this voting instruction form is being provided to you on behalf of the board of directors for the 2013 annual meeting of shareholders to be held on april 17, 2013 discover financial services 2013 voting instruction form for participants in the discover financial services … Mr. Moskow was a Deputy U.S. Trade Representative, following his appointment by President Bush in 1991, and earlier in his career, held a number of senior positions with the U.S. government, including undersecretary of labor at the U.S. Department of Labor, director of the Council on Wage and Price Stability and senior staff economist with the Council of Economic Advisers. If JavaScript is disabled, some of the functionality on our website Dammerman is Chairman of the Board of Capmark Financial Group Inc., and a Non-Executive Director of BlackRock, Inc. Nelms, who has led Discover Financial Services since 1998, also will serve on the Board of Directors. Prior to that, he was chairman and co-chief executive officer of Citi Markets and Banking, the investment banking division of Citigroup, Inc. Former CEO of Renovate America Inc., and Former Executive Vice President and Chief Financial Officer of Discover Financial Services, Inc. Roy A. Guthrie brings more than 30 years of experience to his role on the Board of Directors. He comes to the Board with over 30 years’ experience in Banking, Investment Consulting and Project Management and corporate governance. 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 EarthLink’s board from January 2014 until February 2017. ... Head of the Corporate Banking Group in 1988 and headed a number of the Bank's major operating Groups, including the Financial Services Group and the Corporate Affairs Group. He was chief executive officer of OptumRx, a pharmacy care services company, from 2015 to 2017. Prior to assuming this role in October 2020, he served as president and chief executive officer of Conifer Health Solutions, a healthcare business solutions organization, from January - August 2020. 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. officer of Ovation Pharmaceuticals Inc., a biopharmaceutical company he founded in 2000. Credit Card, Business 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. Thomas G. Maheras was appointed independent chairman in May 2020, following his service as director starting in 2008. Margaret Keane is Chief Executive Officer of Synchrony, one of the nation’s premier consumer financial services companies. Back Rewards, Refer Maheras, 57, joined the board in 2008. From 2010 to 2017, Mr. Aronin was also chairman and chief executive officer of Marathon Pharmaceuticals, a research-based prescription biopharmaceutical company. Locator, Credit Mr. Ben Gogo is an experienced financial consultant. “I am honored to take over as chairman and look forward to working with my fellow board members and Discover’s strong leadership team to deliver on the company’s purpose of helping people achieve a brighter financial future.”. Discover Financial Services CISO James McJunkin Joins NTSC Board of Directors ATLANTA (July 31,2017) – James W. McJunkin, Vice President & CISO, Corporate Security for Discover Financial Services, has been appointed to serve on the National Technology Security … Prior to that, he was chairman and co-chief executive officer of Citi Markets and Banking, the investment banking division of Citigroup, Inc. Lawrence Weinbach (Photo: Business Wire) Weinbach, who was 80, joined Discover as an original board member when the company went public in 2007 and was lead director on Discover’s board from 2009 to 2018. About us ... Board of Directors. Discover Financial Services 55.6400 USD -1.45% 55.6400 USD -1.45% 23.2500 87.4300 52 weeks 52 weeks Mkt Cap 18.01B.

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