COLUMBUS, Ohio, Aug. 9, 2019 /PRNewswire/ -- Alliance Data
Systems Corporation (NYSE: ADS), a leading global provider of
data-driven marketing and loyalty solutions, today announced the
departure of executive vice president Bryan
A. Pearson, effective as of August
9, 2019.
Mr. Pearson served as president and CEO of
LoyaltyOne® and as CEO of BrandLoyalty. LoyaltyOne owns
and operates the AIR MILES® Reward Program, Canada's most recognized loyalty program;
Netherlands-based BrandLoyalty, a
global provider of tailor-made loyalty programs for grocers; and
Precima®, a global retail strategy and analytics company
providing tailored, data-driven solutions to drive sales, boost
profitability, and build customer loyalty.
The leadership change is part of a Board-led initiative to
reposition and improve operational efficiencies at LoyaltyOne's
businesses and as part of an ongoing, previously announced Board
plan to simplify Alliance Data's business while focusing capital on
its highest-earning and growth assets. The Board of Directors
extends its thanks to Mr. Pearson for his service.
Charles Horn, who is currently
providing oversight on a number of Board initiatives in his role as
Alliance Data's executive vice president and vice chairman, will
oversee LoyaltyOne on an interim basis, while Blair Cameron will continue to serve as
president of the AIR MILES Reward Program and Brian Ross will remain as president for the
Precima business. Claudia
Mennen, who served as CFO for BrandLoyalty for more than 7
years and most recently as LoyaltyOne CFO, has been named
BrandLoyalty's Interim CEO.
About Alliance Data
Alliance Data is a leading global provider of data-driven
marketing and loyalty solutions serving large, consumer-based
industries. The Company creates and deploys customized solutions,
enhancing the critical customer marketing experience; the result is
measurably changing consumer behavior while driving business growth
and profitability for some of today's most recognizable brands.
Alliance Data helps its clients create and increase customer
loyalty through solutions that engage millions of customers each
day across multiple touch points using traditional, digital, mobile
and emerging technologies. An S&P 500, FORTUNE 500 and FORTUNE
100 Best Companies to Work For company headquartered in
Columbus, Ohio, Alliance Data
consists of businesses that together employ over 10,000 associates
at more than 50 locations worldwide.
Alliance Data's card services business is a provider of
market-leading private label, co-brand, and business credit card
programs. 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. In
July 2019 Alliance Data completed the
sale of its Epsilon business to Publicis Groupe. More information
about Alliance Data can be found at www.AllianceData.com.
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
strategic initiatives, the expected use of proceeds from the
Epsilon divestiture, our expected operating results, future
economic conditions including currency exchange rates, future
dividend declarations and the guidance we give with respect to our
anticipated financial performance.
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. Further
risks and uncertainties include, but are not limited to, the impact
of strategic initiatives on us or our business if any transactions
are undertaken, and whether the anticipated benefits of such
transactions can be realized as well as whether or if any share
repurchases, including tender offers, are undertaken.
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:
Investors/Analysts
Tiffany
Louder
Alliance
Data
214-494-3048
Tiffany.Louder@alliancedata.com
Media
Shelley
Whiddon
Alliance Data
214-494-3811
Shelley.Whiddon@alliancedata.com
Mitchell Merowitz
LoyaltyOne
647-475-2737
mmerowitz@loyalty.com
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SOURCE Alliance Data Systems Corporation