COLUMBUS, Ohio, June 1, 2021 /PRNewswire/ -- Alliance Data
Systems Corporation (NYSE: ADS) a leading global provider of
data-driven marketing, loyalty and payment solutions, has announced
the election of Karin J.
Kimbrough to its board of directors. Ms. Kimbrough was
elected at the Company's Annual Meeting of Stockholders, held
Thursday, May 27, along with nominees
Ralph J. Andretta, Roger H. Ballou, John C.
Gerspach, Jr., Rajesh
Natarajan, Timothy J.
Theriault, Laurie A. Tucker
and Sharen J. Turney, each of whom
served as Alliance Data directors during the 2020-2021 term. As an
independent director, Ms. Kimbrough will serve on the compensation
and risk committees, bringing decades of experience in business
strategy, financial stability monitoring and risk mitigation
strategies. She currently serves as chief economist at LinkedIn
Corporation.
"As part of Alliance Data's ongoing board refreshment plan, I am
pleased to announce the addition of Karin
Kimbrough to the board of directors," said Ralph Andretta, president and chief executive
officer, Alliance Data. "As we continue to demonstrate sound
corporate governance and oversight during our exciting business
transformation, Ms. Kimbrough complements the composition of our
board, bringing a tremendous range of skills and expertise that
align with our efforts to further expand the breadth of
proficiencies, experience and perspectives represented on our
board."
Ms. Kimbrough's qualifications include executive-level
experience as an economist focused on consumer trends, financial
and capital markets, as well as expertise in financial stability
risk assessments. Her industry prowess will further elevate
Alliance Data's focus on high-caliber board leadership, with
directors from a variety of industries providing critical oversight
of the Company, including its business transformation strategy and
execution. Her extensive background across the banking and
financial services industries, among others, will benefit Alliance
Data's business and overall board governance.
With more than 20 years of experience, Ms. Kimbrough began her
tenure with Morgan Stanley as an economist and strategist in 2000,
followed by various roles in financial stability market monitoring,
investment strategy and treasury in her positions at the Federal
Reserve Bank of New York, Bank of
America and Google.
Ms. Kimbrough holds a doctorate in economics from the
University of Oxford, as well as a
master's degree in public policy from Harvard
University and a bachelor's degree in economics from
Stanford University.
About Alliance Data
Alliance Data® (NYSE: ADS) is a leading provider of
data-driven marketing, loyalty and payment solutions serving large,
consumer-based industries. The Company creates and deploys
customized solutions that measurably change consumer behavior while
driving business growth and profitability for some of today's most
recognizable brands. Alliance Data helps its partners create and
increase customer loyalty across multiple touch points using
traditional, digital, mobile and emerging technologies. A FORTUNE
500 and S&P MidCap 400 company headquartered in Columbus, Ohio, Alliance Data consists of
businesses that together employ approximately 8,000 associates at
more than 45 locations worldwide.
Alliance Data's Card Services business is a comprehensive
provider of market-leading private label, co-brand, general purpose
and business credit card programs, digital payments,
including Bread®, and Comenity-branded financial
services. LoyaltyOne® owns and operates
the AIR MILES® Reward Program, Canada's most recognized loyalty program, and
Netherlands-based BrandLoyalty, a
global provider of tailor-made loyalty programs for grocers.
More information about Alliance Data can be found at
www.AllianceData.com.
Follow Alliance Data on Twitter, Facebook, LinkedIn,
Instagram and YouTube.
Forward Looking Statements
This release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Forward-looking statements give
our expectations or forecasts of future events and can generally be
identified by the use of words such as "believe," "expect,"
"anticipate," "estimate," "intend," "project," "plan," "likely,"
"may," "should" or other words or phrases of similar import.
Similarly, statements that describe our business strategy, outlook,
objectives, plans, intentions or goals also are forward-looking
statements. Examples of forward-looking statements include, but are
not limited to, statements we make regarding, and the guidance we
give with respect to, our anticipated operating or financial
results, initiation or completion of strategic initiatives
including the proposed spinoff of our LoyaltyOne segment, future
dividend declarations, and future economic conditions, including,
but not limited to, fluctuation in currency exchange rates, market
conditions and COVID-19 impacts related to relief measures for
impacted borrowers and depositors, labor shortages due to
quarantine, reduction in demand from clients, supply chain
disruption for our reward suppliers and disruptions in the airline
or travel industries.
We believe that our expectations are based on reasonable
assumptions. Forward-looking statements, however, are subject to a
number of risks and uncertainties that could cause actual results
to differ materially from the projections, anticipated results or
other expectations expressed in this release, and no assurances can
be given that our expectations will prove to have been correct.
These risks and uncertainties include, but are not limited to,
factors set forth in the Risk Factors section in our Annual Report
on Form 10-K for the most recently ended fiscal year, which may be
updated in Item 1A of, or elsewhere in, our Quarterly Reports on
Form 10-Q filed for periods subsequent to such Form 10-K. Our
forward-looking statements speak only as of the date made, and we
undertake no obligation, other than as required by applicable law,
to update or revise any forward-looking statements, whether as a
result of new information, subsequent events, anticipated or
unanticipated circumstances or otherwise.
Contacts:
Shelley
Whiddon – Media
214-494-3811
shelley.whiddon@alliancedata.com
Rachel Stultz – Media
614-729-4890
rachel.stultz@alliancedata.com
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SOURCE Alliance Data Systems Corporation