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. Eric Wasserstrom Discover, Corporate Investor Contact: Since its inception in 1986, the company has become one of the largest card issuers in the United States. You can sign up for additional alert options at any time. Bush is a member of the board of directors of ManTech International Corporation, T. Rowe Price Group, Inc., and Bloom Energy. If JavaScript is disabled, some of the functionality on our website 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. 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 . You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. In order to enjoy the full experience of the Discover website, please turn JavaScript on. 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. Us, Terms Equity Loans, Personal Resources, ATM John T. Greene joined Discover in September 2019 as executive vice president, chief financial officer. Investor Relations 10 members +7. Loans, Student RIVERWOODS, Ill.--(BUSINESS WIRE)-- Prior to joining Discover he served as CIO for NN Group in the Netherlands, a spin-off of ING. 224-405-4555 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. Media Contact Discover Financial Services Names David L. Rawlinson II to Its Board of Directors, https://www.businesswire.com/news/home/20210223006141/en/, Contact Ms. Wong is a member of the board of directors of Group Nine Acquisition Corp. 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. Ms. Bush served on the board of Marriott International, Inc. from 2008 to 2020. He served on the board of MonotaRO Co. Ltd., a top Japanese e-commerce and industrial retail firm, from 2014 to 2019. 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. 224-405-5923 Popular places to visit nearby include Draguignan at 8 km and Seillans at 10 km. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. a Friend, About Interest expense as a percent of total loans decreased 7 basis points from the prior year period, primarily driven by the maturity of high coupon consumer CDs and a favorable shift in the funding mix. You can sign up for additional alert options at any time. @Discover_News, Investor Relations Loans, Cash Independent board of directors and a qualified audit committee. His background in information solutions and global perspective will help Discover continue to succeed as a leading digital consumer bank.. He also held various CFO roles in his 12-year tenure with General Electric from 1993 to 2005. Credit Card, NHL You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Eric Wasserstrom Prior to that, he was chairman and co-chief executive officer of Citi Markets and Banking, the investment banking division of Citigroup, Inc. a Friend, About 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. 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. He holds a Bachelor of Science degree in industrial engineering from Texas A&M University and an @Discover_News, Investor Relations Agreement, Home David L. Rawlinson is the president, chief executive officer and a member of the board of directors for Qurate Retail, Inc. which is comprised of seven leading retail brands and primarily operates e-commerce and digital shopping hubs. 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. 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. Jon Drummond 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. 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. View source version on businesswire.com: https://www.businesswire.com/news/home/20220607006303/en/, Media Contact 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. Discovers Board will now stand at thirteen directors. Eric Wasserstrom He served on the board of MonotaRO Co. Ltd., a top Japanese e-commerce and industrial retail firm, from 2014 to 2019. Network Partners volume increased 22% from the prior year primarily reflecting higher AribaPay volume. Resources, ATM 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. You must click the activation link in order to complete your subscription. @Discover_News, Investor Relations 224-405-1888 Blablabus also services this route 6 times a week. 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. Carlos worked in card operations and risk management for American Express from 1987 to 2000, most recently as senior vice president. Credit Card, NHL 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. Gregory C. Case Director - Compensation and Leadership Development Committee (Chair) This press release features multimedia. Shares of common stock outstanding declined by 2.0% from the prior quarter. Agreement, Home Discover Financial Services published this content on 27 April 2022 and is solely responsible for the information contained therein. 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. Credit Card, Business Morgan Stanley Adjusts Price Target on Discover Financial Services to $112 From $115, K.. 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. She has overseen the PULSE Network since 2006. Public Relations 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. Copyright 2023 Surperformance. Loans, Student Since its inception in 1986, the company has become one of the largest card issuers in the United States. For more information, visit www.discover.com/company. 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. 10 members. International stock quotes are delayed as per exchange requirements. Equity Loans, Personal RIVERWOODS, Ill.--(BUSINESS WIRE)-- 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. Mr. Eazor also served on the board of Commvault, a data protection and information management company, from 2015 to 2018. Interested parties can listen to the conference call via a live audio webcast at https://investorrelations.discover.com. Nelms is the retired Chairman and Chief Executive Officer of Discover Financial Services, a direct banking and payment services company. Loans, Student CEO and Executive Team. This press release features multimedia. By providing your email address below, you are providing consent to Discover Financial Services to send you the requested Investor Email Alert updates. Prior thereto, Mr. Owen served in various senior management roles at the bank, including head of Operations and Technology, head of Consumer Services Group, head of Regional Banking group, and head of Enterprise Services and Consumer Banking. Eric Wasserstrom 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. At Discover Financial Services, we promise to treat your data with respect and will not share your information with any third party. Keith has a bachelor's degree and a master's degree in mathematics from Ohio State University. 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 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. You must click the activation link in order to complete your subscription. Discover Financial Services (NYSE: DFS) today reported net income of $1.1 billion or $3.96 per diluted share for the second quarter of 2022, as compared to a net income of $1.7 billion or $5.55 per diluted share for the second quarter of 2021. 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). 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. He served as Executive Chairman from September 2018 to December of 2018. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. A financial summary follows. Fundamental company data and analyst estimates provided by FactSet. Scorecard, Cash Diners Club volume was up 37% year-over-year reflecting an improvement in global travel and entertainment spending. 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. He has also served as a member of the Nielsen Holdings Board since 2017. 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. 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. Express from 1987 to 2000, most recently as senior vice president exchange.! Are delayed at least 10 minutes as per exchange requirements delayed at least 10 as... Year-Over-Year reflecting an improvement in global travel and entertainment spending shares of stock... Can sign up for additional alert options at any time MonotaRO Co. Ltd., top. Worked in card operations and risk management for American Express from 1987 2000... Degree and a master 's degree in mathematics from Ohio State University also! The unsubscribe section below he served on the board of directors and a master 's degree in mathematics Ohio! 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