Responsibility, Diversity & Inclusion, Accept Mary K. Bush has served as the chairman of Bush International, LLC, a financial and business strategy advisory firm, since 1991. 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 was chief executive officer of OptumRx, a pharmacy care services company, from 2015 to 2017. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Our success is built on diverse corporate management and financial industry experience. 224-405-1888 Amidst evolving macroeconomic conditions, credit performance remains particularly strong, as delinquencies are stable and losses are rising modestly, reflecting slower than expected credit normalization. Ms. Bush served on the board of Marriott International, Inc. from 2008 to 2020. Since its inception in 1986, the company has become one of the largest card issuers in the United States. From 2001-2015, he held various executive roles across ING. Independent board of directors and a qualified audit committee. Tickets cost 55 - 85 and the journey takes 10h 20m. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright Refinitiv. If you experience any issues with this process, please contact us for further assistance. RIVERWOODS, Ill.--(BUSINESS WIRE)-- Since its inception in 1986, the company has become one of the largest card issuers in the United States. Back Credit Card, Travel To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 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. Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. Key People Discover Financial Services Board of Directors Name/Title Current Board Membership expand All Executives Roger C. Hochschild President, Chief Executive Officer & Director Amir S.. Mr. Hochschild is also on the board of directors of Principal Financial Group. View the full release here: https://www.businesswire.com/news/home/20210223006141/en/ 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. 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. 81. 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. Tickets cost 110 - 150 and the journey takes 3h 19m. 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. Prior to joining Regions Financial, Owen was chief executive officer of Assurant Specialty Property, a Fortune 500 company based in Atlanta. His background in information solutions and global perspective will help Discover continue to succeed as a leading digital consumer bank.. ericwasserstrom@discover.com, Internet Explorer presents a security risk. The dividend equals $27.50 per depositary share, each representing 1/100th interest in a share of the Series C Preferred Stock. 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. 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. jondrummond@discover.com. Ms. Bush served on the board of Marriott International, Inc. from 2008 to 2020. a Friend, About and succession, compensation, corporate governance, public policy, international matters, banking and financial services. The dividend will be payable on September 23, 2022, to the holders of record at the close of business on September 8, 2022. 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. Since its inception in 1986, the company has become one of the largest card issuers in the United States. Discover Named to 2023 Fortune 100 Best Companies to Work For list, Ranking No. a Friend, About SNCF also services this route 3 times a day. 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. Prior to joining Regions Financial, Owen was chief executive officer of Assurant Specialty Property, a Fortune 500 company based in Atlanta. 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. https://www.businesswire.com/news/home/20220607006303/en/, Do Not Sell My Personal Information (CA Residents Only). Rawlinson was elected to Discovers Board of Directors and appointed to the Boards Audit Committee on Feb. 22. Personal loans increased $280 million, or 4%, and private student loans increased $210 million, or 2%, year-over-year. During the second quarter of 2022, the company repurchased approximately 5.8 million shares of common stock for $601 million. At Discover Financial Services, we promise to treat your data with respect and will not share your information with any third party. Agreement, Home Roger holds a bachelor's degree in economics from Georgetown University and an M.B.A. from the Amos Tuck School at Dartmouth College. Michael H. Moskow is currently Vice Chair and Distinguished Fellow, Global Economy at The Chicago Council on Global Affairs. From 2000 to 2009, he was president and chief executive officer of Ovation Pharmaceuticals Inc., a biopharmaceutical company he founded in 2000. Maheras, 57, joined the board in 2008. 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. Net interest margin was 10.94%, up 26 basis points versus the prior year. 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 Financial Services published this content on 27 April 2022 and is solely responsible for the information contained therein. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Loans, Cash John Owen (Photo: Business Wire) He served as Executive Chairman from September 2018 to December of 2018. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. If you experience any issues with this process, please contact us for further assistance. Public Relations Loans, Cash Discover Financial Services announced today that David L. Rawlinson II, chief executive officer of NielsenIQ, has joined the companys Board of Directors. He holds a Bachelor of Science degree in industrial engineering from Texas A&M University and an These forward-looking statements speak only as of the date of this press release, and there is no undertaking to update or revise them as more information becomes available. 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. . Under his leadership at Regions, the bank consistently evolved how it served its customers, such as unveiling an overhauled and upgraded mobile app for both iOS and Android devices. 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. The entire Discover community joins me in extending its deepest sympathies to Larrys family as the company mourns the untimely passing of our colleague, leader and friend, said Roger Hochschild, CEO and president of Discover. Eric Wasserstrom Discover Financial Services Names John Owen to its Board of Directors, Contact Discover Financial Services announced today that John Owen, former chief operating officer of Regions Financial, has joined the companys Board of Directors. 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. @Discover_News, Investor Relations At Discover Financial Services, we promise to treat your data with respect and will not share your information with any third party. 224-405-5923 Jon Drummond Locator, Credit Andy Eichfeld joined Discover in September 2018 as executive vice president, chief human resources and administrative officer. Credit Card, Business Discover, Corporate 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. Payment Services pretax income of $20 million was down $672 million year-over-year. Locator, Credit Eric Wasserstrom In 2009, Ovation Pharmaceuticals was acquired by Lundbeck, Inc. Mr. Aronin served as president and chief executive officer of Lundbeck, Inc. during its acquisition and integration of Ovation Pharmaceuticals. Robert Weiss, 224-405-6304 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. 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. Chantal currently serves as Director and Senior Counsel - Litigation at Discover Financial Services. Agreement, Home Discover. NOTE: Each bank's board of directors and senior management are responsible for establishing and maintaining an effective system of internal control, including controls over the Reports of Condition and Income. DISCOVER FINANCIAL SERVICES NAMES JOSEPH F. EAZOR TO ITS BOARD OF DIRECTORS . Copyright 2023 Surperformance. . At Discover Financial Services, we promise to treat your data with respect and will not share your information with any third party. Gregory C. Case Director - Compensation and Leadership Development Committee (Chair) You can sign up for additional alert options at any time. 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. View the full release here: https://www.businesswire.com/news/home/20200504005773/en/. John T. Greene joined Discover in September 2019 as executive vice president, chief financial officer. Total loans ended the quarter at $99.3 billion, up 13% year-over-year, and up 6% sequentially. Inclusion, Accept 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. Exhibit 99.1 . 224-405-6304 She holds a Bachelor of Business Administration degree in accounting from Loyola University. 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. 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. 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. Inclusion, Accept 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 as independent chairman since January 2019. Leadership Team. 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. Mr. Eazor is currently chief executive officer, president and member of the board of directors at EarthLink, Inc., a leading IT services, network . Flayosc is a pretty medieval village that is less touristic than many of the villages in this region. Data may be intentionally delayed pursuant to supplier requirements. 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. He has also served as a member of the Nielsen Holdings Board since 2017. 224-405-1888 He is also a member of Aon's board of directors. If you experience any issues with this process, please contact us for further assistance. 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. Back Credit Card, Travel 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). Mr. Owen has over 38 years of experience in banking, information technology that spans multiple industries including banking, insurance, airlines, and the defense industry. 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. ericwasserstrom@discover.com, Media Contact: In 2007, she served on the U.S. Department of the Treasury's Advisory Commission on the Auditing Profession. Mark A. Thierer is managing partner of AssetBlue Investment Group, a position he has held since 2017. Us, Terms After submitting your request, you will receive an activation email to the requested email address. The student loan net charge-off rate was 1.08%, up 55 basis points from the prior year and up 39 basis points from the prior quarter. 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. Alternatively, FlixBus operates a bus from Paris to Marseille twice daily. View source version on businesswire.com: investorrelations@discover.com. 224-405-5923 Wong was elected to the Board on July 18 and serves on the Risk Oversight Committee of Discover's Board of Directors. 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. 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