Mike oversees all aspects of the corporate risk management function. Mr. Hochschild was president and chief operating officer of Discover from 2004 to 2018. of Use, Credit He has served on the executive committee since June 2017 and led credit operations and decision management from 2018 to 2020. Roger holds a bachelor's degree in economics from Georgetown University and an M.B.A. from the Amos Tuck School at Dartmouth College. 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. You can sign up for additional alert options at any time. 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. Diane E. Offereins was named executive vice president, payment services in 2008 with responsibility for Discover Network, PULSE and Diners Club International. Discover Financial Services (NYSE: DFS): Third Quarter 2022 Results 2022 2021 YOY Change Total loans, end of period (in billions) $104.9 $89.5 17% T . You must click the activation link in order to complete your subscription. Discover, Corporate jondrummond@discover.com. 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. Scorecard, Cash Please Note: JavaScript is not enabled in your web browser. Morgan Stanley Adjusts Price Target on Discover Financial Services to $112 From $115, K.. 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. 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. DISCOVER FINANCIAL SERVICES NAMES JOSEPH F. EAZOR TO ITS BOARD OF DIRECTORS . John T. Greene joined Discover in September 2019 as executive vice president, chief financial officer. 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. Eric Wasserstrom 81. RIVERWOODS, Ill.--(BUSINESS WIRE)-- Ms. Wong is a member of the board of directors of Group Nine Acquisition Corp. Andy Eichfeld joined Discover in September 2018 as executive vice president, chief human resources and administrative officer. Wong was elected to the Board on July 18 and serves on the Risk Oversight Committee of Discover's Board of Directors. Loans, Cash Locator, Credit 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. Gregory C. Case Director - Compensation and Leadership Development Committee (Chair) Independent Chairman -Risk Oversight Committee, Director - Compensation and Leadership Development Committee, Director - Nominating, Governance and Public Responsibility Committee (Chair), Risk Oversight Committee, Director - Compensation and Leadership Development Committee (Chair), Director - Audit Committee, Nominating, Governance and Public Responsibility Committee, Director - Risk Oversight Committee (Chair), Director - Compensation and Leadership Development Committee, Nominating, Governance and Public Responsibility Committee. 224-405-4555 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. Credit Card, Student You must click the activation link in order to complete your subscription. 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. Digital Banking pretax income of $1.4 billion for the quarter was $98 million lower than the prior year period reflecting a higher provision for credit losses and higher operating expenses, mostly offset by increased revenue net of interest expense. Mike Roemer is the chief risk officer. Responsibility, Diversity & Credit Card, Cardmember Joseph F. Eazor retired in July 2022 as the president and chief executive officer of Clario (formerly ERT and Bioclinical), a global data and technology company for clinical trials, where he served since October 2020. Payment Services pretax income of $20 million was down $672 million year-over-year. Loans, Student Amir Arooni joined Discover in March 2020 as executive vice president, chief information officer. He retired as president and chief executive officer of the Federal Reserve Bank of Chicago in 2007, where he had served since 1994. Discover Financial Services published this content on 09 March 2023 and is solely responsible for the information contained therein . Dan Capozzi was named executive vice president, president - US Cards in December 2020. Callas is situated in the Var department and Provence-Alpes-Cte d'Azur region. Back Rewards, Refer 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 that, he was chairman and co-chief executive officer of Citi Markets and Banking, the investment banking division of Citigroup, Inc. Board of Directors Declares Semi-Annual Dividend for Preferred Stock and Quarterly Dividend for Common Stock. 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. They collectively have substantive knowledge Credit card loans ended the quarter at $79.2 billion, up 15% year-over-year. This press release features multimedia. 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. Since its inception in 1986, the company has become one of the largest card issuers in the United States. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Total operating expenses were up $94 million year-over year, or 9%, driven by higher expenses for marketing and employee compensation partially offset by lower information processing. 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. Prior to joining Discover he served as CIO for NN Group in the Netherlands, a spin-off of ING. 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. investorrelations@discover.com. Since its inception in 1986, the company has become one of the largest card issuers in the United States. Credit Card, Business He is also a member of Aon's board of directors. Thomas G. Maheras was appointed independent chairman in May 2020, following his service as director starting in 2008. Credit Card, NHL Discover similar companies. She holds a Bachelor of Business Administration degree in accounting from Loyola University. ericwasserstrom@discover.com. Mark A. Thierer is managing partner of AssetBlue Investment Group, a position he has held since 2017. 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. 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. 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. 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. 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. Ms. Bush served on the board of Marriott International, Inc. from 2008 to 2020. He was chief executive officer of OptumRx, a pharmacy care services company, from 2015 to 2017. 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. The company was founded in 1960 and is headquartered in Riverwoods, IL. a Friend, About In 2007, she served on the U.S. Department of the Treasury's Advisory Commission on the Auditing Profession. Mr. Owen has over 38 years of experience in banking, information technology that spans multiple industries including banking, insurance, airlines, and the defense industry. Loans, Student CEO and Executive Team. 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. 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. David L. Rawlinson II (Photo: Business Wire). 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). Keith Toney joined the Executive Committee in November 2020 as executive vice president, chief data and analytics officer. 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. For more information, visit www.discover.com/company. a Friend, About Bush is a member of the board of directors of ManTech International Corporation, T. Rowe Price Group, Inc., and Bloom Energy. For more information, visit www.discover.com/company. By providing your email address below, you are providing consent to Discover Financial Services to send you the requested Investor Email Alert updates. Loans, Cash Resources, ATM 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. He is also chairman and chief executive officer of Paragon Biosciences, LLC, an affiliated global life science innovation and investment firm. From 2001-2015, he held various executive roles across ING. investorrelations@discover.com. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. 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. 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 will host a conference call to discuss its second quarter results on Thursday, July 21, 2022, at 7:00 a.m. Central Time. By providing your email address below, you are providing consent to Discover Financial Services to send you the requested Investor Email Alert updates. 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. 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