Discover Financial Services Names David L. Rawlinson II to Its Board of Directors, https://www.businesswire.com/news/home/20210223006141/en/, Contact Responsibility, Diversity & Loans, Cash CEO and Executive Team. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Discover, Corporate Bush is a member of the board of directors of ManTech International Corporation, T. Rowe Price Group, Inc., and Bloom Energy. Board of Directors. 224-405-1888 Our success is built on diverse corporate management and financial industry experience. Equity Loans, Personal Prior to that, he was chairman and co-chief executive officer of Citi Markets and Banking, the investment banking division of Citigroup, Inc. Roger holds a bachelor's degree in economics from Georgetown University and an M.B.A. from the Amos Tuck School at Dartmouth College. 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. Callas is situated in the Var department and Provence-Alpes-Cte d'Azur region. 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. Loans, Cash Mr. Hochschild was president and chief operating officer of Discover from 2004 to 2018. She holds a Bachelor of Business Administration degree in accounting from Loyola University. Diane E. Offereins was named executive vice president, payment services in 2008 with responsibility for Discover Network, PULSE and Diners Club International. 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. Data may be intentionally delayed pursuant to supplier requirements. jondrummond@discover.com He began his career in information systems with McDonnell-Douglas. 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). Eric Wasserstrom If you experience any issues with this process, please contact us for further assistance. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Lower revenue was driven by a $729 million gain on an equity investment in the prior year compared to $42 million net losses on equity investments in the current year quarter. robertweiss@discover.com. Mr. Rawlinson served on the board of MonotaRO Co., Ltd. from 2014 to 2019 and the board of Nielsen Holdings plc from 2017 to 2021. 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. -, Discover -Inflation Is Making Home Improvement Projects Less Attainable for American Homeowners, Inflation Is Making Home Improvement Projects Less Attainable for American Homeowners, JPMorgan Adjusts Price Target on Discover Financial Services to $102 From $111, Keeps Neutral Rating, https://www.businesswire.com/news/home/20200504005773/en/. Discover Financial Services (NYSE: DFS) is a direct banking . 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. 224-405-5923 Owen was elected to Discovers Board of Directors and appointed to the Boards Risk Oversight Committee on June 6, 2022. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. 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. The dividend will be payable on October 31, 2022, to the holders of record at the close of business on October 14, 2022. Credit Card, Business At Discover Financial Services, we promise to treat your data with respect and will not share your information with any third party. robertweiss@discover.com At Discover Financial Services, we promise to treat your data with respect and will not share your information with any third party. 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. Credit Card, Cardmember 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. Roger was president and chief operating officer of Discover from 2004 to 2018. 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. 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. The Carnegie Hall Corp., Discover Financial Services, Chief Human Resources & Administrative Officer, Total Insider Purchases and Sales Reported to the SEC, Vanguard Institutional Total Stock Market Index Trust, Vanguard US Total Market Shares Index ETF, American Funds Capital World Growth & Income Fund, Capital Research & Management Co. (World Investors), Capital Research & Management Co. (International Investors), Macquarie Investment Management Business Trust. Mike oversees all aspects of the corporate risk management function. Loans, Student of Use, Credit Gregory C. Case Director - Compensation and Leadership Development Committee (Chair) 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. . He is also a member of Aon's board of directors. Loans, Student Delayed Nyse 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. For more information, visit www.discover.com/company. Credit Card, Student In 2007, she served on the U.S. Department of the Treasury's Advisory Commission on the Auditing Profession. For more information, visit www.discover.com/company. Personal loans increased $280 million, or 4%, and private student loans increased $210 million, or 2%, year-over-year. Nelms is the retired Chairman and Chief Executive Officer of Discover Financial Services, a direct banking and payment services company. John Owen retired from Regions Financial Corp., one of the nations largest full-service providers of consumer and commercial banking, wealth management and mortgage products and services, in March 2021, where he had been Chief Operating Officer since 2018. Credit Card, Business Us, Terms Blablabus also services this route 6 times a week. . All rights reserved. Credit Card, Cardmember John Owen (Photo: Business Wire) Resources, ATM 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. Resources, ATM Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. Prior to joining Discover, When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. After submitting your request, you will receive an activation email to the requested email address. Eric Wasserstrom 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. . Hope Mehlman joined Discover in January 2023 and is the chief legal officer, general counsel and secretary. 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. From 2014 to 2016, he was chief financial officer for Willis Group Holdings, which was preceded by more than eight years at HSBC Holdings where he held CFO positions for several divisions, including retail bank and wealth management; insurance and consumer and mortgage lending. The company was founded in 1960 and is headquartered in Riverwoods, IL. Roger C. Hochschild, chief executive officer and president of Discover, was elected to the board in August 2018. 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. Payment Services pretax income of $20 million was down $672 million year-over-year. 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. Michael H. Moskow is currently Vice Chair and Distinguished Fellow, Global Economy at The Chicago Council on Global Affairs. 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. 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.. He spearheaded Simplify and Grow, a strategic initiative focused on improving the customer experience, creating more effective processes and driving revenue growth. 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. 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. @Discover_News, Investor Relations 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). 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. Wong was elected to the Board on July 18 and serves on the Risk Oversight Committee of Discover's Board of Directors. Discover Financial Services Names John Owen to its Board of Directors, Contact Interested parties can listen to the conference call via a live audio webcast at https://investorrelations.discover.com. Back Credit Card, Travel Discover, Corporate Resources, ATM 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 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. Ms. Bush served on the board of Marriott International, Inc. from 2008 to 2020. Locator, Credit 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. From 2000 to 2009, he was president and chief executive officer of Ovation Pharmaceuticals Inc., a biopharmaceutical company he founded in 2000. Popular places to visit nearby include Draguignan at 8 km and Seillans at 10 km. Andy Eichfeld joined Discover in September 2018 as executive vice president, chief human resources and administrative officer. Loans, Student The following factors, among others, could cause actual results to differ materially from those set forth in the forward-looking statements: the effect of the coronavirus disease 2019 pandemic and measures taken to mitigate the pandemic, including their impact on our credit quality and business operations as well as their impact on general economic and financial markets; changes in economic variables, such as the availability of consumer credit, the housing market, energy costs, the number and size of personal bankruptcy filings, the rate of unemployment, the levels of consumer confidence and consumer debt, and investor sentiment; the impact of current, pending and future legislation, regulation, supervisory guidance, and regulatory and legal actions, including, but not limited to, those related to accounting guidance, tax reform, financial regulatory reform, consumer financial services practices, anti-corruption and funding, capital and liquidity; the actions and initiatives of current and potential competitors; the company's ability to manage its expenses; the company's ability to successfully achieve card acceptance across its networks and maintain relationships with network participants and merchants; the company's ability to sustain its card, private student loan and personal loan growth; the companys ability to increase or sustain Discover card usage or attract new customers; difficulty obtaining regulatory approval for, financing, closing, transitioning, integrating or managing the expenses of acquisitions of or investments in new businesses, products or technologies; the company's ability to manage its credit risk, market risk, liquidity risk, operational risk, compliance and legal risk, and strategic risk; the availability and cost of funding and capital; access to deposit, securitization, equity, debt and credit markets; the impact of rating agency actions; the level and volatility of equity prices, commodity prices and interest rates, currency values, investments, other market fluctuations and other market indices; losses in the company's investment portfolio; limits on the company's ability to pay dividends and repurchase its common stock; limits on the company's ability to receive payments from its subsidiaries; fraudulent activities or material security breaches of its or others key systems; the company's ability to remain organizationally effective; the effect of political, economic and market conditions, geopolitical events, climate change and unforeseen or catastrophic events; the company's ability to introduce new products or services; the company's ability to manage its relationships with third-party vendors, as well as those which we have no direct relationship such as our employees internet service providers; the company's ability to maintain current technology and integrate new and acquired systems and technology; the company's ability to collect amounts for disputed transactions from merchants and merchant acquirers; the company's ability to attract and retain employees; the company's ability to protect its reputation and its intellectual property; the companys ability to comply with regulatory requirements; and new lawsuits, investigations or similar matters or unanticipated developments related to current matters. For more information, visit www.discover.com/company. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 12 members +7. Maheras, 57, joined the board in 2008. Board of Directors Declares Semi-Annual . RIVERWOODS, Ill.--(BUSINESS WIRE)--Discover Financial Services announced today that David L. Rawlinson II, chief executive officer of NielsenIQ, has joined the companys Board of Directors. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. By providing your email address below, you are providing consent to Discover Financial Services to send you the requested Investor Email Alert updates. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. Independent board of directors and a qualified audit committee. He served as independent chairman since January 2019. You must click the activation link in order to complete your subscription. Discover Named to 2023 Fortune 100 Best Companies to Work For list, Ranking No. 224-405-5923 @Discover_News, Investor Relations 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. Ms. Bush is a member of the board of directors of ManTech International Corporation, T. Rowe Price Group, Inc., and Bloom Energy. Prior to joining Nielsen Holdings, Rawlinson was president of the Global Online Business at W.W. Grainger Inc. from 2015 to 2020. 2023, Nasdaq, Inc. All Rights Reserved. Scorecard, Cash 224-405-4555 He retired as president and chief executive officer of the Federal Reserve Bank of Chicago in 2007, where he had served since 1994. and succession, compensation, corporate governance, public policy, international matters, banking and financial services. Back Rewards, Refer The 30+ day delinquency rate for credit card loans was 1.76%, up 33 basis points year-over year and down 1 basis point from the prior quarter. Marketing increased primarily due to investments in Card acquisition and Consumer Banking. of Use, Credit His background in information solutions and global perspective will help Discover continue to succeed as a leading digital consumer bank.. Robert Weiss, 224-405-6304 For more information, visit www.discover.com/company. Prior to joining Discover, Hope was executive vice president, general counsel, and corporate secretary of Bank of the West and corporate secretary of BNP Paribas USA, Inc. Hope holds a Bachelor of Arts degree from Cornell University, a Juris Doctor from Seton Hall University Law School and a Master of Laws in Taxation from New York University School of Law. Locator, Credit . Discover Financial Services is a holding company. 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. 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 . 2004 to 2018 president, chief human resources and administrative officer, Cash Mr. Hochschild was and. 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