COLUMBUS, Ohio, Feb. 20, 2020 /PRNewswire/ -- Alliance Data
Systems Corporation (NYSE: ADS), a leading global provider of
data-driven marketing and loyalty solutions, announced that veteran
global financial executive Ralph
Andretta has begun his tenure as Alliance Data President and
Chief Executive Officer. Mr. Andretta was
appointed president and CEO in November
2019, with an effective date of February 3, 2020. Andretta succeeds
Charles Horn, who served as Alliance
Data's interim CEO since November and will continue with the
Company as EVP and Senior Advisor during a transition period.
Most recently, Andretta served as Managing Director and Head of
U.S. Cards for Citigroup, and has extensive card and payments,
financial services and operations expertise. Andretta's career
spans more than 25 years working at global organizations including
Citi, American Express, Bank of America and EY. He will
office primarily out of the Company's headquarters in Columbus, Ohio.
In accordance with the Board's CEO transition and onboarding
plan, Andretta will spend his next 100 days on a listening tour,
meeting with Company management and associates across multiple
locations worldwide as well as other key stakeholders and partners.
During that time he will complete an evaluation of Alliance Data's
entire global operations, including its Card Services business, its
Canadian AIR MILES® Reward Program and
Netherlands-based BrandLoyalty
business. By late spring, with input received from various
stakeholders, Andretta will work with his executive leadership team
to develop and execute a strategic plan focused on reenergizing the
business and returning Alliance Data to more sustainable,
predictable growth.
"I am excited to join Alliance Data and to have had numerous
productive meetings already with our seasoned management team and
talented associates in the first two weeks of my tenure," Andretta
said. "My commitment over these first 100 days is to fully
assess the business while gaining the important perspectives of key
stakeholders. These inputs will inform our plan for moving forward
together — for sharpening our focus and go-to-market strategy;
fostering a culture of collaboration and accountability; providing
the right products and capabilities that meet the needs of our
clients and end-consumers; and ultimately delivering value for all
those who have a vested interest in Alliance Data."
About Alliance Data
Alliance
Data® (NYSE: ADS) 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
9,000 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. 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 strategic initiatives, 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 when any share
repurchases are completed.
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.
Media Contacts:
Alliance Data
Tiffany
Louder – Investor
Relations
214-494-3048
tiffany.louder@alliancedata.com
Shelley Whiddon –
Media
214-494-3811
shelley.whiddon@alliancedata.com
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SOURCE Alliance Data Systems Corporation