Discover CFO Mark Graf to Retire from Company in 2020
06 Giugno 2019 - 2:49PM
Business Wire
Discover Financial Services (NYSE:DFS) today announced that R.
Mark Graf, executive vice president and chief financial officer,
has informed the company of his intent to retire in 2020. Graf will
remain in his current role until a successor is appointed to ensure
that management and the Board of Directors have the appropriate
time to evaluate a full slate of candidates for the company’s next
CFO. Graf will participate in the process and will remain an
employee of the company until early 2020 to ensure a smooth
transition for this critical role.
“On behalf of the Discover Board and management team, I thank
Mark for his dedication and valuable contributions during his years
with Discover,” said Roger Hochschild, CEO and president. “Mark has
built a tremendous finance organization with deep expertise across
the board and has played a significant role in driving our
financial performance. I am greatly appreciative that Mark will
remain with Discover to help identify his successor and facilitate
a successful leadership changeover.”
In announcing his plans, Graf said, “I joined Discover in 2011
as our industry and the U.S. economy were continuing to deal with
the effects of the Great Recession. It has been my privilege to
work with an extraordinary leadership team as we navigated that
difficult time and emerged to produce industry-leading returns. I
love working at this great company, but those who know me well have
heard me speak for years about wanting a second phase of my career.
As I turn 55, it is time to put that plan in motion.”
The executive talent firm Crist Kolder Associates will be
conducting the search for Graf’s replacement.
About Discover
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. Since its inception in 1986, the company
has become one of the largest card issuers in the United States.
The company issues the Discover card, America's cash rewards
pioneer, and offers private student loans, personal loans, home
equity loans, checking and savings accounts and certificates of
deposit through its direct banking business. 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 in 190 countries and
territories. For more information, visit
www.discover.com/company.
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version on businesswire.com: https://www.businesswire.com/news/home/20190606005431/en/
Media Contact:Jon
DrummondDiscover224-405-1888jondrummond@discover.com@Discover_News
Investor Contact:Craig StreemInvestor
Relations224-405-5923craigstreem@discover.com
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