COLUMBUS, Ohio, June 10, 2020 /PRNewswire/ -- Alliance Data
Systems Corporation (NYSE: ADS), a leading global provider of
data-driven marketing, loyalty and payment solutions, today
announced changes to its board of directors. These include the
election of new board members John C.
Gerspach, Jr. and Rajesh "Nat" Natarajan, as well as the
appointment of long-standing director Roger
H. Ballou as board chair. The changes were announced at the
Company's Annual Meeting of Stockholders, held yesterday. Long-time
directors Bruce K. Anderson,
Kenneth R. Jensen and former
chairman Robert A. Minicucci
completed their board service and did not stand for
re-election.
"As part of Alliance Data's ongoing board refreshment plan, the
board is purposefully and continually committed to aligning its
composition to reflect the needs of our evolving business and
expectations of our stakeholders," said Ralph Andretta, president and chief executive
officer of Alliance Data. "I am pleased with the progress we have
made to diversify our board across various criteria including
critical skills, expertise, industry experience, gender and
ethnicity, and tenure -- all of which form the underpinnings of
solid board representation necessary for effective and responsible
corporate governance and oversight of our business.
"To that end, I am excited to welcome Mr. Gerspach and Mr.
Natarajan to our board of directors, as each brings tremendous
skills, experience and expertise that align with Alliance Data's
evolved business, complementing the breadth of competencies and
perspectives of our returning directors." Andretta concluded, "I
enthusiastically welcome and look forward to working with Nat and
John, as well as continuing to work with long-time director and
newly-appointed board chair Roger
Ballou, and the rest of the independent directors as we
continue to provide oversight and stewardship of the Company's
transformation and future-focused business strategy."
Mr. Gerspach joins the board after most recently serving as the
chief financial officer of Citigroup, Inc. (2009–19). He began his
tenure with Citigroup in 1990, holding a variety of roles in audit,
accounting, risk management and international operations.
Recommended to the Alliance Data board's nominating and corporate
governance committee by executive management, Mr. Gerspach's
executive-level experience in the banking and financial services
industry provides significant bench strength to Alliance Data. Mr.
Gerspach will chair the board's audit committee and serve as a
member of the risk committee.
Recommended to the board's nominating and corporate governance
committee by a third-party search firm, Mr. Natarajan has served as
the executive vice president and chief product and technology
officer for Ancestry.com since February
2017. Prior to joining Ancestry.com, he served as senior
vice president and chief information security and fraud officer at
Intuit, Inc. (2014–17), and was the vice president, platform
engineering and operations at PayPal Holdings, Inc. (2006–14). Mr.
Natarajan's executive experience in information technology,
cybersecurity, engineering, operations and product development
brings a diversified, digital-focused skill set to the board. Mr.
Natarajan will serve on the nominating and corporate governance
committee as well as the risk committee.
Alliance Data would like to acknowledge and thank departing
directors Bruce Anderson,
Ken Jensen and Rob Minicucci for their valuable leadership and
years of service to the Company.
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. An S&P
500 and FORTUNE 500 company headquartered in Columbus, Ohio, Alliance Data consists of
businesses that together employ over 8,500 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, and the guidance we give with respect
to, our anticipated operating or financial results, completion of
strategic initiatives, 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.
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