Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. John holds a bachelors degree in accounting from the State University of New York and a masters degree in Business Administration from the Kellogg School of Management at Northwestern University. All rights reserved. Dan Capozzi was named executive vice president, president - US Cards in December 2020. He has also served as a member of the Nielsen Holdings Board since 2017. Discover. 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. Since its inception in 1986, the company has become one of the largest card issuers in the United States. Since its inception in 1986, the company has become one of the largest card issuers in the United States. 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. 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. a Friend, About John Owen (Photo: Business Wire) 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. If you experience any issues with this process, please contact us for further assistance. Back Credit Card, Travel At Discover Financial Services, we promise to treat your data with respect and will not share your information with any third party. 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. 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). 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. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. About Discover . Scorecard, Cash 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. 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. Discover Financial Services Declares Quarterly Dividend for Common Stock, Contact Mr. Hochschild was president and chief operating officer of Discover from 2004 to 2018. Discover Financial Services Names John Owen to its Board of Directors, Contact Payment Services pretax income of $20 million was down $672 million year-over-year. He joined Discover in February of 2021 as chief compliance officer and was subsequently named the role of chief risk officer in July 2021. Ms. Bush is a member of the board of directors of ManTech International Corporation, T. Rowe Price Group, Inc., and Bloom Energy. Wong was elected to the Board on July 18 and serves on the Risk Oversight Committee of Discover's Board of Directors. Interested parties can listen to the conference call via a live audio webcast at https://investorrelations.discover.com. Since joining Discover in 2007, Dan has held leadership positions in the deposits business and corporate finance. investorrelations@discover.com, Media: Board of Directors Declares Semi-Annual . 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. 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. Credit Card, Business When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. 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. robertweiss@discover.com https://www.businesswire.com/news/home/20210223006141/en/, Media Contact Prior to joining Discover, Dan held various leadership positions in finance at Citi and Bank of America. Since its inception in 1986, the company has become one of the largest card issuers in the United States. He continues to serve on Clarios board. 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. By providing your email address below, you are providing consent to Discover Financial Services to send you the requested Investor Email Alert updates. 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. 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, Student Now, Diners Club International Ltd. is a direct banking and payment services company owned by Discover Financial Services (NYSE: DFS), one of the most recognized brands in US financial services. 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. Ms. Bush served on the board of Marriott International, Inc. from 2008 to 2020. Such statements, which speak to our expected business and financial performance, among other matters, contain words such as believe, expect, anticipate, intend, plan, aim, will, may, should, could, would, likely, and similar expressions. a Friend, About Responsibility, Diversity & Tickets cost 55 - 85 and the journey takes 10h 20m. 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. Inclusion, Accept 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. @Discover_News, Investor Relations Scorecard, Cash Discover Financial Services (NYSE: DFS) is a direct banking . You can sign up for additional alert options at any time. 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. The company was founded in 1960 and is headquartered in Riverwoods, IL. Prior to joining Discover, Andy was an independent advisor from 2017 to 2018, and held various positions at McKinsey & Company from 1995 to 2017, where he was elected a senior partner in 2009. RIVERWOODS, Ill.--(BUSINESS WIRE)-- Type a symbol or company name. 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. Prior to joining Regions Financial, Owen was chief executive officer of Assurant Specialty Property, a Fortune 500 company based in Atlanta. Diners Club volume was up 37% year-over-year reflecting an improvement in global travel and entertainment spending. 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. He served on the board of MonotaRO Co. Ltd., a top Japanese e-commerce and industrial retail firm, from 2014 to 2019. If you experience any issues with this process, please contact us for further assistance. 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. Since its inception in 1986, the company has become one of the largest card issuers in the United States. 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. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Back Rewards, Refer Ms. Bush served on the board of Marriott International, Inc. from 2008 to 2020. M.B.A. from the University of Chicago. Back Credit Card, Travel Discover, Corporate Discover Named to 2023 Fortune 100 Best Companies to Work For list, Ranking No. ericwasserstrom@discover.com, Internet Explorer presents a security risk. Carlos Minetti has served as executive vice president, president of consumer banking since February 2014. 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. 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. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Copyright FactSet Research Systems Inc. All rights reserved. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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. You can sign up for additional alert options at any time. Type a symbol or company name. Prior to joining 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. She was executive vice president and chief technology officer from 1998 to 2008. He spearheaded Simplify and Grow, a strategic initiative focused on improving the customer experience, creating more effective processes and driving revenue growth. 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. 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. 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. Tickets cost 110 - 150 and the journey takes 3h 19m. Prior to that, he served as a White House Fellow and held appointed positions in both the George W. Bush and Obama Administrations. 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. Larry was an exceptional leader who will be greatly missed, Maheras said. For more information, visit www.discover.com/company. 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. Source: Kantar Media, President, Chief Executive Officer & Director. 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. 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. Credit Card, Business Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. He brings valuable leadership experience and has a clear understanding of the overall governance structure associated with a highly regulated industry such as banking. See terms and conditions for details. 224-405-4555 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. of Use, Credit Such statements are based upon the current beliefs and expectations of the company's management and are subject to significant risks and uncertainties. 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. will not work, such as the display of rates and APRs. About Discover . Investor Relations Discover Financial Services : BOARD OF DIRECTORS APPROVES REPURCHASE OF UP TO $2.4 BILLION OF COMMON STOCK AND INCREASES THE QUARTERLY COMMON STOCK DIVIDEND 14% FROM $0.44 TO $0.50 PER SHARE (Form 8-K) | MarketScreener Homepage Equities United States Nyse Discover Financial Services News Summary (DFS) Add to my list Report 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. Board of Directors Declares Semi-Annual Dividend for Preferred Stock and Quarterly Dividend for Common Stock. As a member of Discover Global Network, we have the capabilities to suit your needs. Gregory C. Case Director - Compensation and Leadership Development Committee (Chair) Prior to joining Discover he served as CIO for NN Group in the Netherlands, a spin-off of ING. He holds a Bachelor of Science degree in industrial engineering from Texas A&M University and an Rawlinson has significant experience in global e-commerce, consumer trends, consumer data, and digital business-to-business operations. Loans, Cash Mr. Thierer is a member of the board of directors of Xeris Pharmaceuticals, Inc. and Senior Connect Acquisition Corp. 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. Employee compensation increase was driven by higher headcount and higher average salaries and benefits. Mark A. Thierer is managing partner of AssetBlue Investment Group, a position he has held since 2017. You can sign up for additional alert options at any time. 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. Mr. Eazor also served on the board of Commvault, a data protection and information management company, from 2015 to 2018. Keith Toney joined the Executive Committee in November 2020 as executive vice president, chief data and analytics officer. 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. For more information, visit www.discover.com/company. Public Relations 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. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Discover Financial Services announced today that John Owen, former chief operating officer of Regions Financial, has joined the companys Board of Directors. Discover. Minetti has served as a member of Discover global Network, we have the capabilities to suit needs! Revenue growth greatly missed, Maheras said this process, please enter your email address below you! Compliance officer and was subsequently named the role of chief risk officer in July 2021 Minetti served... Issuers in the deposits business and corporate finance 2020 as executive vice president president. Governance structure associated with a highly regulated industry such as the display of and... Alert updates that John Owen, former chief operating officer of Regions Financial, joined. 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