Synchrony Names Dan Colao to Board of Directors
Synchrony Financial (NYSE: SYF) has appointed Daniel Colao to its Board of Directors, effective October 1, 2024. Colao, a retired financial services executive with over 30 years of industry experience, previously served on Synchrony's Board from February 2014 to November 2015. He most recently served as the Chief Financial Officer and Executive Advisor of GE Capital from 2017 until his retirement in June 2021.
In his role at GE Capital, Colao was instrumental in the strategic repositioning of the company, including executing transactions to improve capital allocation and strengthening reserves, governance, and controls. With Colao's appointment, Synchrony's Board will now consist of eleven members. The company expects to benefit from Colao's extensive expertise in financial services and consumer lending as it navigates the current economic environment and regulatory landscape.
Synchrony Financial (NYSE: SYF) ha nominato Daniel Colao nel suo Consiglio di Amministrazione, con effetto dal 1 ottobre 2024. Colao, un dirigente del settore finanziario in pensione con oltre 30 anni di esperienza nel settore, ha precedentemente fatto parte del Consiglio di Synchrony da febbraio 2014 a novembre 2015. Più recentemente, è stato Chief Financial Officer e Consigliere Esecutivo di GE Capital dal 2017 fino al suo pensionamento nel giugno 2021.
Nel suo ruolo presso GE Capital, Colao è stato fondamentale per la riposizionamento strategico della società, compreso l'esecuzione di operazioni per migliorare l'allocazione del capitale e rafforzare le riserve, la governance e i controlli. Con la nomina di Colao, il Consiglio di Synchrony sarà ora composto da undici membri. L'azienda si aspetta di beneficiare dell'ampia esperienza di Colao nei servizi finanziari e nel prestito al consumo mentre affronta l'attuale contesto economico e normativo.
Synchrony Financial (NYSE: SYF) ha nombrado a Daniel Colao en su Junta Directiva, con efecto a partir del 1 de octubre de 2024. Colao, un ejecutivo del sector financiero retirado con más de 30 años de experiencia en la industria, formó parte de la Junta de Synchrony desde febrero de 2014 hasta noviembre de 2015. Más recientemente, se desempeñó como Director Financiero y Asesor Ejecutivo de GE Capital desde 2017 hasta su jubilación en junio de 2021.
En su función en GE Capital, Colao fue fundamental en el reposicionamiento estratégico de la empresa, incluyendo la ejecución de transacciones para mejorar la asignación de capital y fortalecer las reservas, la gobernanza y los controles. Con el nombramiento de Colao, la Junta de Synchrony contará ahora con once miembros. La empresa espera beneficiarse de la amplia experiencia de Colao en servicios financieros y préstamos al consumo a medida que navega por el actual entorno económico y regulatorio.
Synchrony Financial (NYSE: SYF)는 Daniel Colao를 이사회에 임명하였으며, 2024년 10월 1일부터 효력이 발생합니다. Colao는 30년 이상의 업계 경험을 가진 은행 서비스 퇴직 임원으로, 2014년 2월부터 2015년 11월까지 Synchrony 이사회의 멤버로 활동한 바 있습니다. 그는 최근까지 GE Capital의 최고 재무 책임자 및 경영 고문으로 2017년부터 2021년 6월까지 일했습니다.
GE Capital에서 Colao는 회사의 전략적 재편성에 중요한 역할을 했으며, 자본 배분을 개선하고 준비금, 거버넌스 및 통제를 강화하기 위한 거래를 실행했습니다. Colao의 임명으로 Synchrony 이사회는 이제 열한 명의 멤버로 구성됩니다. 회사는 현재의 경제 환경 및 규제 상황을 헤쳐나가는 데 있어 Colao의 광범위한 금융 서비스 및 소비자 대출 전문 지식으로부터 이익을 기대하고 있습니다.
Synchrony Financial (NYSE: SYF) a nommé Daniel Colao à son Conseil d'Administration, avec effet au 1er octobre 2024. Colao, un ancien cadre des services financiers avec plus de 30 ans d'expérience dans l'industrie, a précédemment siégé au Conseil de Synchrony de février 2014 à novembre 2015. Plus récemment, il a été Directeur Financier et Conseiller Exécutif de GE Capital de 2017 jusqu'à sa retraite en juin 2021.
Dans son rôle chez GE Capital, Colao a joué un rôle essentiel dans le repositionnement stratégique de l'entreprise, y compris l'exécution de transactions pour améliorer l'allocation du capital et renforcer les réserves, la gouvernance et les contrôles. Avec la nomination de Colao, le Conseil de Synchrony comptera désormais onze membres. L'entreprise s'attend à bénéficier de l'expertise étendue de Colao en services financiers et prêts à la consommation alors qu'elle navigue dans l'environnement économique actuel et le paysage réglementaire.
Synchrony Financial (NYSE: SYF) hat Daniel Colao in seinen Vorstand berufen, mit Wirkung zum 1. Oktober 2024. Colao, ein pensionierter Führungskraft im Finanzdienstleistungsbereich mit über 30 Jahren Branchenerfahrung, war zuvor von Februar 2014 bis November 2015 Mitglied des Vorstands von Synchrony. Zuletzt war er von 2017 bis zu seinem Ruhestand im Juni 2021 als Chief Financial Officer und Executive Advisor von GE Capital tätig.
In seiner Funktion bei GE Capital war Colao maßgeblich an der strategischen Neuausrichtung des Unternehmens beteiligt, einschließlich der Durchführung von Transaktionen zur Verbesserung der Kapitalallokation und zur Stärkung der Reserven, der Governance und der Kontrollen. Mit der Ernennung von Colao wird der Vorstand von Synchrony nun aus elf Mitgliedern bestehen. Das Unternehmen erwartet, von Colao's umfassender Expertise in den Bereichen Finanzdienstleistungen und Verbraucherkredite zu profitieren, während es sich in dem aktuellen wirtschaftlichen Umfeld und der regulatorischen Landschaft zurechtfindet.
- Appointment of Daniel Colao, an experienced financial services executive, to the Board of Directors
- Colao brings over 30 years of industry experience, including expertise in financial services and consumer lending
- Colao's previous experience as CFO of GE Capital adds valuable strategic and financial insight to the Board
- None.
Seasoned executive deepens financial, risk and strategic expertise
"We're thrilled to welcome Dan back to the Synchrony Board of Directors," said Brian Doubles, President and Chief Executive Officer. Mr. Colao previously served on the Company's Board from February 2014 to November 2015. "Dan has extensive expertise in financial services and consumer lending, and will provide valuable insights to the Board as the company navigates the economic environment and regulatory landscape."
Mr. Colao most recently served as the Chief Financial Officer and Executive Advisor of GE Capital from 2017 until his retirement in June 2021. In this role, he was integral in the strategic repositioning of GE Capital, including the execution of multiple transactions to improve overall capital allocation, as well as actions to strengthen reserves, governance, and controls within the business division. Mr. Colao currently serves on the Advisory Board of AX Partners, a privately-held capital markets solutions provider.
"I am excited to re-join the Synchrony Board. I really respect their values-based culture and strong management team, as well as the dedication of the Board and management to the Company's employees, customers, partners, and shareholders," said Mr. Colao.
With the appointment of Mr. Colao, Synchrony's Board of Directors will now consist of eleven members.
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.
Contacts
Investor Relations:
Kathryn Miller
Synchrony
kathryn.miller@syf.com
(203) 585-6291
Media Relations:
Lisa Lanspery
Synchrony
lisa.lanspery@syf.com
(203) 585-6143
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SOURCE Synchrony
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