Jason Strle Joins Discover as Chief Information Officer

Rhea-AI Summary

Jason Strle has been named Discover's new Chief Information Officer. He will be responsible for implementing industry-leading technology and delivering secure products for customers. Strle joins from Wells Fargo, where he oversaw enterprise functions and led the development of a next-generation digital banking platform.

Positive

• Jason Strle's appointment as Discover's Chief Information Officer could positively impact the stock price. His experience in implementing innovative technology and improving digital banking capabilities may lead to growth and improved customer experience.

Negative

• None.

RIVERWOODS, Ill.--(BUSINESS WIRE)-- Jason Strle, a banking technology leader with more than 20 years of experience in the financial services industry, has been named Discover’s new Chief Information Officer responsible for implementing industry-leading technology across the organization and continuing to deliver reliable and more secure products for customers. He will join the company’s Executive Committee as an executive vice president on July 18.

Jason Strle Will Join Discover as CIO (Photo: Business Wire)

Strle joins Discover from Wells Fargo, where he served as EVP & Group CIO of its payments, virtual solutions, innovation and community banking business units, and more recently oversaw enterprise functions. During his tenure, he led the development and installation of a next generation digital banking platform and expanded the agile development practice to improve technology productivity and impact.

“Technology is the foundation of every element of our digital banking and payments strategy, allowing us to provide innovative solutions and a superior customer experience,” said Roger Hochschild, CEO and president of Discover. “Jason’s vast experience with a product-centric model and agile way of working will help grow, improve and expand our digital banking and payments capabilities.”

Prior to Wells Fargo, Strle spent almost 13 years with JP Morgan Chase in roles of increasing scope, culminating as CIO, Consumer Banking, Business Banking and Auto Finance.

Strle succeeds Amir Arooni, who joined Discover in 2020 and leaves a lasting impact through his Project Runway initiative, which transformed Discover’s approach to technology and the way of working. Arooni led his team to implement programs like the Discover Technology Academy, which allow Discover technologists to learn, network, share knowledge, and upskill.

About Discover

Discover Financial Services (NYSE: DFS) is a digital 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 loans, checking and savings accounts and certificates of deposit through its banking business. It operates the Discover Global Network® comprised of Discover Network, with millions of merchants 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230712987200/en/

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

FAQ

Who is Jason Strle and what is his role at Discover?

Jason Strle is the new Chief Information Officer at Discover. He will be responsible for implementing industry-leading technology and delivering secure products for customers.

Where did Jason Strle work before joining Discover?

Jason Strle previously worked at Wells Fargo, where he served as EVP & Group CIO of its payments, virtual solutions, innovation, and community banking business units.

What is Jason Strle's experience in digital banking?

Jason Strle led the development of a next-generation digital banking platform at Wells Fargo and has experience in improving digital banking capabilities.

How might Jason Strle's appointment affect Discover's stock price?

Jason Strle's appointment as CIO could positively impact Discover's stock price. His experience in implementing innovative technology and improving digital banking capabilities may lead to growth and improved customer experience.