Discover Names John T. Greene as New Chief Financial Officer
September 13 2019 - 8:40AM
Business Wire
Discover Financial Services (NYSE: DFS) today announced that
John T. Greene, a financial executive in the banking, insurance and
pharmaceutical industries, has been named executive vice president,
chief financial officer and a member of the company’s executive
committee effective Sept. 18.
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Discover Names John T. Greene as New
Chief Financial Officer (Photo: Business Wire)
Greene will be responsible for all financial functions,
including accounting, tax, reporting, business development,
procurement, treasury, and investor relations. He succeeds R. Mark
Graf, who will remain with the company as an executive advisor
until his retirement in early 2020.
"John’s proven financial management success and record of
operational excellence make him a key addition to Discover’s
executive leadership team,” said Roger Hochschild, Discover’s CEO
and president. “He joins the company at an exciting time as we
increase our investments in the people and technology that enhance
our operating model and continue to help us exceed our customers’
expectations.”
Greene has more than 30 years of experience leading financial
operations. He most recently served as CFO at Bioverativ, a global
biopharmaceutical company focusing on patients with rare blood
disorders. Prior to that, he was CFO for Willis Group Holdings from
2014 to 2016, 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. He also held various CFO roles in his 12-year
tenure with General Electric from 1993 to 2005.
Greene said, “Discover’s leadership and track record of success
in direct banking and payment services are compelling, and I look
forward to being part of the team that will drive the company’s
future success.”
Graf, who spent eight years as Discover’s CFO, announced in June
his plan to retire in 2020.
“I thank Mark for his leadership and strategic vision to help
grow our business,” Hochschild said. “Mark’s contributions to our
success are many, including his thoughtful approach to staff
development and his talent for building a finance organization with
deep expertise across the board.”
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 around the world. For
more information, visit www.discover.com/company.
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version on businesswire.com: https://www.businesswire.com/news/home/20190913005256/en/
Investor Contact: Craig
Streem Investor Relations 224-405-5923 craigstreem@discover.com
Media Contact: Jon Drummond
Public Relations 224-405-1888 jondrummond@discover.com
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