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Synchrony Announces Resignation of Will Graylin from Board of Directors

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Synchrony (NYSE: SYF) announced the resignation of Will Graylin from its Board of Directors, effective immediately. Graylin, a board member since 2015, is leaving to focus on his roles at OV Loop and Indigo Tech. His departure is amicable with no reported disagreements with the company. Executive Chair Margaret Keane expressed gratitude for Graylin's contributions, particularly in mobile and digital payments technologies. Synchrony continues to provide a complete suite of consumer financial services across various industries, emphasizing its commitment to innovation and customer experience.

Positive
  • Graylin's resignation allows for fresh perspectives in board leadership.
  • His expertise in mobile and digital payments could lead to enhanced strategic focus.
Negative
  • Concerns about continuity in leadership with Graylin's departure.
  • Potential loss of experience in mobile and digital payments on the board.

STAMFORD, Conn., Sept. 2, 2022 /PRNewswire/ -- Synchrony (NYSE: SYF), a premier consumer financial services company, today announced Will Graylin has resigned from its Board of Directors. Graylin is leaving to focus on leading OV Loop, an everywhere-commerce super-app company he founded, and Indigo Tech, a next generation EV company powered by road sensing smart-wheels, where he serves as Chairman and Chief Executive Officer. Graylin, who has been a Synchrony Board member since 2015, has no disagreements with the Company and is leaving on good terms.

"On behalf of our Board and Synchrony's leadership team, we thank Will for his service and commitment to the Company," said Margaret Keane, Executive Chair of the Synchrony Board of Directors. "We greatly appreciate his entrepreneurial spirit and the expertise he shared in mobile and digital payments technologies. We wish him well in his future endeavors."

About Synchrony

Synchrony (NYSE: SYF) is a premier consumer financial services company delivering one of the industry's most complete digitally-enabled product suites. Our experience, expertise and scale encompass a broad spectrum of industries including digital, health and wellness, retail, telecommunications, home, auto, outdoor, pet and more. We have an established and diverse group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers, which we refer to as our "partners."  We connect our partners and consumers through our dynamic financial ecosystem and provide them with a diverse set of financing solutions and innovative digital capabilities to address their specific needs and deliver seamless, omnichannel experiences.  We offer the right financing products to the right customers in their channel of choice. For more information, visit www.synchrony.com and Twitter: @Synchrony.

Contacts:

Kathryn Miller
Investor Relations
203.585.6291
InvestorRelations@syf.com          

Michelle Blaya
Media Relations
626.250.1415
Michelle.Blaya@syf.com 

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SOURCE Synchrony

FAQ

Why did Will Graylin resign from Synchrony's Board of Directors?

Will Graylin resigned to focus on leading OV Loop and Indigo Tech, companies he founded.

What has been the impact of Will Graylin's resignation on Synchrony?

The impact is yet to be seen; however, concerns about leadership continuity and board experience exist.

When did Will Graylin's resignation from Synchrony take effect?

Will Graylin's resignation took effect on September 2, 2022.

Who expressed gratitude for Will Graylin's service at Synchrony?

Margaret Keane, Executive Chair of the Board, expressed gratitude for Graylin's contributions.

What is Synchrony's focus in financial services?

Synchrony specializes in digitally-enabled product suites across various industries, providing tailored financing solutions.

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