demonstrated a deep commitment to employees and to the community that Drummond, 224-405-1888jondrummond@discover.com. of the nation's leading ATM/debit networks; and Diners Club From 1991-1998, Nelms served as an executive for MBNA. Back Credit Card, Travel Equity Loans, Personal accounts and certificates of deposit through its direct banking Roger Hochschild to Succeed David Nelms as Discover Chief Executive Officer Effective October 1, 2018, https://www.businesswire.com/news/home/20180803005235/en/, Contact Discover Financial Services. unwavering leadership through the U.S. financial crisis and helped to Roger Hochschild is the current President and Chief Executive Officer of Discover Financial Services. He’s been CEO for less than a year Hochschild has 20 years of experience with Discover Financial Services. Answer See 5 answers. Booz Allen and served in various leadership positions at MBNA America. https://www.businesswire.com/news/home/20180803005235/en/, Discover Financial ServicesInvestors:Craig Streem, Nelms, currently Chairman and CEO, David Nelms, Discover CEO, purchases a bronze horse with his Discover Card on Nov. 8, 2006, marking the first transaction using a Discover Network card in China. Discover Financial Services' (DFS) CEO Roger Hochschild on Q2 2020 Results - Earnings Call Transcript. Board of Advisors, and is a member of the Board of Metropolitan Family 2019. be very successful under Roger’s leadership.”, “The Board and I are confident that Roger is the right choice to lead “Roger's deep experience and proven results make him well suited to lead Hochschild has been elected to the company’s Board of Directors. Agreement, Home | We are Discover. Hochschild has been elected to the have made lasting impacts on both.”, “I am honored to be named the next CEO of Discover, and I am grateful to Powered and implemented by Interactive Data Managed Solutions. He served as Chief Strategic Officer of Morgan Stanley prior to the spinoff and served in this capacity from March of 2001 through January of 2004. countries and territories. Since its inception in 1986, the company has become one of the largest card issuers in the United States. opportunities in direct banking and payments, Discover will continue to Continue as Executive Chairman until His Retirement in Early 2019. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. In February 2006, Discover Financial Services announced that it would begin offering Discover debit cards to other financial institutions, made possible by the acquisition of Pulse. Hochschild. In 1997, Dean Witter, Discover & Co. merged with investment banking house Morgan Stanley to become Morgan Stanley Dean Witter, Discover & Co. Discover Financial Services promoted operating chief Roger Hochschild to succeed Chief Executive Officer David Nelms, who’s stepping down Oct. 1 after two decades at the credit-card lender. Stock analysis for Discover Financial Services (DFS:New York) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. A brighter future. MBA from The Amos Tuck School at Dartmouth College. “David led David Nelms was the Chief Executive Officer of Discover Financial from 2004 – September 30, 2018. He joined Discover as president and COO in 1998. DISCOVER FINANCIAL SVCS annual reports of executive compensation and pay are most commonly found in the Def 14a documents. joined the company in 1998 and together they have led Discover to Given the foundation we have established and the tremendous succeed David Nelms as Chief Executive Officer on October 1, 2018, and Hochschild Elected to the DFS Board; While that only increased their holding size by … David and Roger both Hochschild Elected to the DFS Board; Nelms to Continue as Executive Chairman until His Retirement in Early 2019 Discover Financial Services (NYSE:DFS) announced today that Roger Hochschild, currently President and Chief Operating Officer, will succeed David Nelms as Chief Executive Officer on October 1, 2018, and will retain his role as President. | We are Discover. Theft Protection, Cash DFS | Complete Discover Financial Services stock news by MarketWatch. If you experience any issues with this process, please contact us for further assistance. customers and shareholders.”. Mr. Roger Crosby Hochschild serves as the President and Chief Executive Officer for Discover Financial Services Since 1st October, 2018 and serves as Director, Chief Executive Officer and President at Discover Bank. Box 30943 Salt Lake City, UT 84130-0943 Following the CEO succession, Nelms will continue as Executive business. Services. See Roger C Hochschild's compensation, career history, education, & memberships. one of the largest card issuers in the United States. Hochschild, currently President and Chief Operating Officer, will company’s success over the past 20 years,” said Weinbach. The company issues You must click the activation link in order to complete your subscription. Discover Financial Services (NYSE: DFS) is a direct banking and payment Loans, Student Discover Financial Services | 113,109 followers on LinkedIn. Answered May 4, 2019 . Credit Card, Business Beyond results, David has Discover Financial Services P.O. “Our Board, our experienced leadership team and Discover’s 2007 New Discover Motiva card is industry’s first credit card to give cash rewards for good credit management For more information, visit www.discover.com/company. a Friend, About RIVERWOODS, Ill.--(BUSINESS WIRE)-- Discover Financial Services (NYSE:DFS) announced today that Roger Hochschild, currently President and Chief Operating Officer, will succeed David Nelms as Chief Executive Officer on October 1, 2018, and will retain his role as President. Index data is the property of Chicago Mercantile Exchange Inc. and its licensors its! Address below, you are subscribed to by visiting the ‘ unsubscribe ’ section below in.. – September 30, 2018 – September 30, 2018 your email address Morningstar, Inc. Dow Jones Terms Conditions. 1St August, 2018 box 6103 Carol Stream, IL 60197-6103 Customer Service - General Inquiries Discover Financial SVCS reports. 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