Discover Financial Services Announces Leadership Transition
- John Owen appointed as Interim CEO and President
- Roger Hochschild stepping down as CEO and President
Roger Hochschild Steps Down as Chief Executive Officer and President
John Owen Appointed Interim CEO and President
The Board has engaged a leading global executive search firm to commence a process to identify a permanent CEO and President.
Tom Maheras, Chair of the Board, said, “The Board and Roger have agreed that now is the right time to transition leadership, and we thank Roger for his 25 years of service to the Company. The Board is continuously focused on Discover reaching its full potential across the business, including our commitment to enhancing compliance, risk management and corporate governance. We will continue to take actions to advance Discover’s strategic priorities and generate high returns and capital.”
Owen said, “Since joining the Board in 2022, I have been impressed by Discover’s dedicated employee base and all the potential that lies ahead for the business. I look forward to working alongside the management executive committee and Board throughout this transition to continue driving organization-wide excellence and sustainable, long-term performance.”
Hochschild said, “It has been a privilege to spend 25 years with the people of Discover at this amazing company. I know that the Company will enjoy continued success.”
About John Owen
John Owen joined the Discover Board of Directors in June 2022. Owen brings 38 years of experience in consumer banking and information technology that spans multiple industries, including banking, insurance, airlines and the defense industry. He retired from Regions Financial Corp., one of the nation’s largest full-service providers of consumer and commercial banking, wealth management and mortgage products and services, in March 2021, where he had been Chief Operating Officer since 2018. Previously, Owen served in various senior management roles at the bank, including Head of Operations and Technology, Head of Consumer Services Group, Head of Regional Banking group, and Head of Enterprise Services and Consumer Banking.
Prior to joining Regions Financial, Owen was CEO of Assurant Specialty Property, a Fortune 500 company based in
About Discover
Discover Financial Services (NYSE: DFS) is a digital banking and payment services company with one of the most recognized brands in
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Media Contact
Matthew Towson
224-405-5649
matthewtowson@discover.com
@Discover_News
Investor Relations
Eric Wasserstrom
224-405-4555
investorrelations@discover.com
Source: Discover Financial Services
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