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. At Discover Financial Services, we promise to treat your data with respect and will not share your information with any third party. Wong was elected to the Board on July 18 and serves on the Risk Oversight Committee of Discover's Board of Directors. 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. 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. Prior to that, Owen was senior vice president of Global Systems Development for Citicorp Credit Services, chief information officer of North American operations for Arrow Electronics and senior vice president of technology for American Airlines. 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. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Since its inception in 1986, the company has become one of the largest card issuers in the United States. She holds a Bachelor of Business Administration degree in accounting from Loyola University. Resources, ATM His background in information solutions and global perspective will help Discover continue to succeed as a leading digital consumer bank.. 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. Blablabus also services this route 6 times a week. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Prior to joining Nielsen Holdings, Rawlinson was president of the Global Online Business at W.W. Grainger Inc. from 2015 to 2020. Larry was an exceptional leader who will be greatly missed, Maheras said. You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made, which reflect managements estimates, projections, expectations or beliefs at that time, and which are subject to significant risks and uncertainties that may cause actual results to differ materially. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Board of Directors. SNCF also services this route 3 times a day. Us, Terms Prior to joining Regions Financial, Owen was chief executive officer of Assurant Specialty Property, a Fortune 500 company based in Atlanta. 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. Jon Drummond The investigation is ongoing and is being conducted by a board-appointed independent special committee. He continues to serve on Clarios board. Us, Terms Bush is a member of the board of directors of ManTech International Corporation, T. Rowe Price Group, Inc., and Bloom Energy. Agreement, Home 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. Net interest margin was 10.94%, up 26 basis points versus the prior year. Discover Financial Services announced today that John Owen, former chief operating officer of Regions Financial, has joined the companys Board of Directors. 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 @Discover_News, Investor Relations He joined Discover in February of 2021 as chief compliance officer and was subsequently named the role of chief risk officer in July 2021. Loans, Cash 224-405-1888 Ms. Bush is a member of the board of directors of ManTech International Corporation, T. Rowe Price Group, Inc., and Bloom Energy. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Scorecard, Cash Responsibility, Diversity & 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. If you experience any issues with this process, please contact us for further assistance. 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. Us, Terms About Discover . Payment Services volume was $82.9 billion, up 6% year-over-year. Public Relations Copy and paste multiple symbols separated by spaces. Discover. Discover, Corporate 2023, Nasdaq, Inc. All Rights Reserved. He retired as president and chief executive officer of the Federal Reserve Bank of Chicago in 2007, where he had served since 1994. M.B.A. from the University of Chicago. You can sign up for additional alert options at any time. David L. Rawlinson II (Photo: Business Wire). Discover Financial Services Names David L. Rawlinson II to Its Board of Directors, https://www.businesswire.com/news/home/20210223006141/en/, Contact 12 members +7. Copyright FactSet Research Systems Inc. All rights reserved. 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 . For more information, visit www.discover.com/company. Mark A. Thierer is managing partner of AssetBlue Investment Group, a position he has held since 2017. Prior to that, he was chairman and co-chief executive officer of Citi Markets and Banking, the investment banking division of Citigroup, Inc. 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. Credit Card, NHL 224-405-1888 For more information, visit www.discover.com/company. From November 2015 until joining Nielsens management, he served as President of the Global Online Business at W.W. Grainger, Inc. Mr. Rawlinson joined Grainger in July 2012 and previously served as the Vice President of Operations for the Global Online Business, and prior to that, Vice President, Deputy General Counsel and Corporate Secretary of Grainger. investorrelations@discover.com. The company was founded in 1960 and is headquartered in Riverwoods, IL. Discover Financial Services published this content on 27 April 2022 and is solely responsible for the information contained therein. Airlines. @Discover_News, Investor Relations 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). 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. Back Rewards, Refer a Friend, About Locator, Credit Back Rewards, Refer The dividend will be payable on October 31, 2022, to the holders of record at the close of business on October 14, 2022. Source: Kantar Media, President, Chief Executive Officer & Director. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. ericwasserstrom@discover.com. jondrummond@discover.com Create your Watchlist to save your favorite quotes on Nasdaq.com. Discovers Board will now stand at thirteen directors. He spearheaded Simplify and Grow, a strategic initiative focused on improving the customer experience, creating more effective processes and driving revenue growth. of Use, Credit In order to enjoy the full experience of the Discover website, please turn JavaScript on. The Board of Directors of Discover Financial Services declared a quarterly cash dividend of $0.50 per share of common stock payable on December 9, 2021, to holders of record at the close of business on November 24, 2021. Previously, Mr. Rawlinson was the Chief Executive Officer of NielsenIQ (formerly Nielsen Global Connect), a global data and measurement company, from February 2020 to March 2021. Since its inception in 1986, the company has become one of the largest card issuers in the United States. Carlos Minetti has served as executive vice president, president of consumer banking since February 2014. 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. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Prior to that, he served as a White House Fellow and held appointed positions in both the George W. Bush and Obama Administrations. The dividend will be payable on September 23, 2022, to the holders of record at the close of business on September 8, 2022. jondrummond@discover.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20200504005773/en/. Discover Financial Services announced today that David L. Rawlinson II, chief executive officer of NielsenIQ, has joined the companys Board of Directors. https://www.businesswire.com/news/home/20220607006303/en/, Do Not Sell My Personal Information (CA Residents Only). Michael H. Moskow is currently Vice Chair and Distinguished Fellow, Global Economy at The Chicago Council on Global Affairs. He served as independent chairman since January 2019. Eric Wasserstrom He served as Executive Chairman from September 2018 to December of 2018. Andy holds a bachelors degree in government from Oberlin College, as well as a master's degree in Middle Eastern studies and an MBA in marketing, both from the University of Chicago. He was appointed to oversee consumer banking products in 2006 and led cardmember services from 2001-2006. All rights reserved. RIVERWOODS, Ill.--(BUSINESS WIRE)-- Amir holds a Master of Science degree in Positive Leadership and Strategy from IE University in Madrid, Spain; a Master of Science degree in Consulting and Coaching for Change from HEC School of Management, Paris and Oxford University, England; and an MBA from Erasmus University Rotterdam, the Netherlands and the University of North Carolina, Chapel Hill. 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. Mike Roemer is the chief risk officer. Robert Weiss View the full release here: https://www.businesswire.com/news/home/20210223006141/en/ The Payment Services segment includes PULSE, Diners Club, and the Network Partners business, which provides payment transaction processing and settlement services on the Discover Global Network. Credit Card, Cardmember Discover Named to 2023 Fortune 100 Best Companies to Work For list, Ranking No. Information processing decreased primarily due to software write-offs in the prior year quarter. a Friend, About 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. 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. https://www.businesswire.com/news/home/20210223006141/en/, Media Contact 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. Our success is built on diverse corporate management and financial industry experience. At Discover Financial Services, we promise to treat your data with respect and will not share your information with any third party. After submitting your request, you will receive an activation email to the requested email address. The Board of Directors of Discover Financial Services declared a semi-annual cash dividend on its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series C, in the amount of $2,750 per share. For more information, visit www.discover.com/company. 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 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. Revenue growth with respect and will not share your information with any third party the was. Has served as a White House Fellow and held appointed positions in both the George W. and! Appointed to oversee consumer banking since February 2014 had served since 1994 us for further assistance Dow Jones, Movers. Vice Chair and Distinguished Fellow, Global Economy at the Chicago Council on Affairs... 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