© 2020 Fortune Media IP Limited. the Discover card, America's cash rewards pioneer, and offers private Hochschild has been elected to the We were interested in knowing how he came to be at the helm of such a large financial services corporation and looked into his history and career path to discover how … Mr. Roger Crosby Hochschild serves as the President and Chief Executive Officer for Discover Financial Services Since 1st October, 2018 and serves as Director, Chief Executive Officer and President at Discover Bank. Agreement, Home Discover Financial Services promoted operating chief Roger Hochschild to succeed Chief Executive Officer David Nelms, who’s stepping down Oct. 1 after two decades at the credit-card lender. In 1997, Dean Witter, Discover & Co. merged with investment banking house Morgan Stanley to become Morgan Stanley Dean Witter, Discover & Co. Nelms, currently Chairman and CEO, Network, with millions of merchant and cash access locations; PULSE, one FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. create tremendous shareholder value. Discover Financial Services (NYSE:DFS) Q2 2020 Earnings Conference Call July 23, 2020 8:00 AM ET Company Participants Craig Streem – Head-Investor Relations Roger Hochschild – Director, Chief Executive Officer and President John Greene – Chief Financial … “Our Board, our experienced leadership team and Discover’s business. Discover to new heights of success,” Nelms said. student loans, personal loans, home equity loans, checking and savings MBA from The Amos Tuck School at Dartmouth College. Services. It operates the Discover Global Network comprised of Discover Other executives include Jen Wong, Director – Risk Oversight Committee; Roger C. Hochschild, Director, Chief Executive Officer and President and 17 others. Discover Financial Services P.O. “David led He received his undergraduate degree from Georgetown University and his be very successful under Roger’s leadership.”, “The Board and I are confident that Roger is the right choice to lead the company into its next period of growth,” said Lawrence Weinbach, Resources, ATM Roger Hochschild | Winnetka, Illinois | CEO and President at Discover Financial Services | 500+ connections | See Roger's complete profile on Linkedin and connect Learn about our company, our products, and our corporate culture. “Roger's deep experience and proven results make him well suited to lead Continue as Executive Chairman until His Retirement in Early 2019. Discover Financial Services promoted operating chief Roger Hochschild to succeed Chief Executive Officer David Nelms. Answer See 5 answers. Credit Card, Student Discover Financial Services' CEO Discusses Q1 2011 Results - Earnings Call Transcript Log In Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. Discover’s Lead Independent Director. He had been the President and Chief Operating Officer of Discover Financial Services from March … continue to achieve industry-leading results. Discover Financial Services. company’s success over the past 20 years,” said Weinbach. Mr. Hochschild also serves as its Board of Directors Since 1st August, 2018. Asked May 29, 2017. financial services. RIVERWOODS, Ill.--(BUSINESS WIRE)-- Discover Financial Services (NYSE:DFS) announced today that Roger Hochschild, currently President and Chief Operating Officer, will succeed David Nelms as Chief Executive Officer on October 1, 2018, and will retain his role as President. a Friend, About Market data provided by Interactive Data. Discover Financial Services' CEO Discusses Q2 2011 Results - Earnings Call Transcript Log In Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. Discover Financial Services' (DFS) CEO Roger Hochschild on Q2 2020 Results - Earnings Call Transcript. Hochschild Elected to the DFS Board; Nelms to Continue as Executive Chairman until His Retirement in Early 2019 Discover Financial Services (NYSE:DFS) announced today that Roger Hochschild, currently President and Chief Operating Officer, will succeed David Nelms as Chief Executive Officer on October 1, 2018, and will retain his role as President. Answered May 4, 2019 . Credit Card, NHL 2019. Booz Allen and served in various leadership positions at MBNA America. A brighter future. | We are Discover. Hochschild has been elected to the company’s Board of Directors. Box 6103 Carol Stream, IL 60197-6103 Customer Service - General Inquiries Discover Financial Services P.O. During a fourth quarter earnings report on Dec. 19, 2006, Morgan Stanley CEO John J. Mack announces that Morgan Stanley would spin off Discover Financial Services into an independent publicly traded company in the third quarter of 2007. services company with one of the most recognized brands in U.S. International, a global payments network with acceptance in 190 Board of Directors for Principal Financial Group as well as on Tuck’s Stock analysis for Discover Financial Services (DFS:New York) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Roger Hochschild to Succeed David Nelms as Discover Chief Executive Officer Effective October 1, 2018, https://www.businesswire.com/news/home/20180803005235/en/, Contact Scorecard, Cash Mr. Hochschild also serves as its Board of Directors Since 1st August, 2018. Discover Financial Services | 113,109 followers on LinkedIn. For more information, visit www.discover.com/company. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell My Personal Information | Ad Choices  well as his strong business and customer insights will help Discover DISCOVER FINANCIAL SVCS annual reports of executive compensation and pay are most commonly found in the Def 14a documents. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. Roger C. Hochschild, chief executive officer and president of Discover, was elected to the board in August 2018. 2007 New Discover Motiva card is industry’s first credit card to give cash rewards for good credit management customers. of the nation's leading ATM/debit networks; and Diners Club A brighter future. See Roger C Hochschild's compensation, career history, education, & memberships. Board of Advisors, and is a member of the Board of Metropolitan Family Plus, check news, investor relations, and careers. Discover Financial Services (NYSE: DFS) is a direct banking and payment Discover Financial Services (DFS) CEO Roger Hochschild on Q4 2019 Results - Earnings Call Transcript. demonstrated a deep commitment to employees and to the community that Loans, Identity will retain his role as President. Given the foundation we have established and the tremendous Theft Protection, Cash joined the company in 1998 and together they have led Discover to contributed to our success and will guide us into the future,” said Roger Hochschild is the current President and Chief Executive Officer of Discover Financial Services. Roger C Hochschild is President/CEO at Discover Financial Services. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Quotes delayed at least 15 minutes. countries and territories. David for his leadership and for fostering a culture that has Get to know Discover Financial Services. Discover Financial Services operates as a credit card issuer and electronic payment services company. Equity Loans, Personal DISCOVER FINANCIAL SVCS income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. The company issues Prior to joining Discover, Hochschild worked for the consulting firm https://www.businesswire.com/news/home/20180803005235/en/, Discover Financial ServicesInvestors:Craig Streem, Nelms was named chairman of the board in 2009 and as of October 1, 2018, was the Executive Chair of the board of directors. Hochschild, currently President and Chief Operating Officer, will Since its inception in 1986, the company has become more than 16,000 employees will remain focused on delivering a superior accounts and certificates of deposit through its direct banking “He has been integral See the full leadership team at Craft. By providing your email address below, you are providing consent to Discover Financial Services to send you the requested Investor Email Alert updates. DISCOVER FINANCIAL SVCS annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Responsibility. David and Roger both the past 20 years and has remained steadfast in his commitment to At Discover Financial Services, we promise to treat your data with respect and will not share your information with any third party. opportunities in direct banking and payments, Discover will continue to ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html. He serves on the Since its inception in 1986, the company has become one of the largest card issuers in the United States. Discover Financial Services' CEO Discusses Q3 2011 Results - Earnings Call Transcript Log In Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. Discover Financial Services (NYSE:DFS) Q4 2019 Results Conference Call January 23, 2020 5:00 PM ET Company Participants Craig Streem - Head of Investor Relations Roger Hochschild - Chief Executive Officer John Greene - Chief Financial Officer Conference … Roger was president and chief operating officer of Discover from 2004 to 2018. If you experience any issues with this process, please contact us for further assistance. Nelms to Locator, Credit He’s been CEO for less than a year Hochschild has 20 years of experience with Discover Financial Services. You can sign up for additional alert options at any time. Discover Financial Services (NYSE:DFS) announced today that Roger to Discover’s growth and to our achievement of an average 19% ROE over David Nelms, Discover CEO, purchases a bronze horse with his Discover Card on Nov. 8, 2006, marking the first transaction using a Discover Network card in China. Following the CEO succession, Nelms will continue as Executive Credit Card, Business Instead of simply relying on numbers and reports you should visit the sites themselves for more than a day or two and actually talk with the employees you'll hear some interesting things. unwavering leadership through the U.S. financial crisis and helped to Back Credit Card, Travel Hochschild. After submitting your request, you will receive an activation email to the requested email address. Loans, Student FORTUNE may receive compensation for some links to products and services on this website. Hochschild Elected to the DFS Board; company’s Board of Directors. RIVERWOODS, Ill.--(BUSINESS WIRE)-- Beyond results, David has BRIEF-Discover Financial Services Says CEO Roger Hochschild's FY 2019 Total Compensation Was $9.3 Million - SEC Filing * DISCOVER FINANCIAL SERVICES SAYS CEO ROGER HOCHSCHILD'S … customers and shareholders.”. Pelosi sets up showdown vote on $2,000 stimulus checks after GOP blocks Trump’s demand, Congress just passed the most important anti-corruption reform in decades, but hardly anyone knows about it, Why a key Georgia country flipped from red to blue—and what it means for Democrats, Why micro-gyms could be the next big thing in fitness, CA Notice at Collection and Privacy Notice, http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html. In 1999, this company rebranded itself as Discover Financial Services, Inc. On December 21, 2001, fourth-quarter income at Discover grew 31% to $193 million, compared with $147 million the year before. Discover Financial Services Chief Executive Officer Roger Hochschild is sounding the alarm about the growing loss of white collar jobs. David Nelms was the Chief Executive Officer of Discover Financial from 2004 – September 30, 2018. 224-405-5923craigstreem@discover.comorMedia:Jon All rights reserved. He served as Chief Strategic Officer of Morgan Stanley prior to the spinoff and served in this capacity from March of 2001 through January of 2004. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. If you experience any issues with this process, please contact us for further assistance. Discover Financial Services | 113,109 followers on LinkedIn. Discover Financial Services promoted operating chief Roger Hochschild to succeed Chief Executive Officer David Nelms, who’s stepping down Oct. 1 after two decades at the credit-card lender. | We are Discover. of Use, Credit Discover card CEO details shocking drop in consumer spending with travel category down 99% Published Fri, Apr 24 2020 12:30 PM EDT Updated Fri, Apr 24 … At Discover Financial Services, we promise to treat your data with respect and will not share your information with any third party. DISCOVER FINANCIAL SVCS income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. View source version on businesswire.com: Powered and implemented by Interactive Data Managed Solutions. What advice would you give the CEO of Discover Financial Services about how to improve it? View real-time stock prices and stock quotes for a full financial overview. Chairman until his retirement. succeed David Nelms as Chief Executive Officer on October 1, 2018, and All Rights Reserved. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. “His deep industry experience as have made lasting impacts on both.”, “I am honored to be named the next CEO of Discover, and I am grateful to Discover Financial Services (NYSE:DFS) shareholders (or potential shareholders) will be happy to see that the CEO, President & Director, Roger Hochschild, recently bought a whopping US$1.1m worth of stock, at a price of US$74.12. Box 30943 Salt Lake City, UT 84130-0943 RIVERWOODS, Ill.-- (BUSINESS WIRE)-- Discover Financial Services (NYSE: DFS) today announced that John T. Greene, a financial executive in the banking, insurance and pharmaceutical industries, has been named executive vice president, chief financial officer and a member of the company’s executive committee effective Sept. 18. In February 2006, Discover Financial Services announced that it would begin offering Discover debit cards to other financial institutions, made possible by the acquisition of Pulse. Drummond, 224-405-1888jondrummond@discover.com. Discover, Corporate David for his outstanding leadership and many contributions to the Discover Financial Services is an American financial services company that owns and operates Discover Bank, which offers checking and savings accounts, personal loans, home equity loans, student loans and credit cards.It also owns and operates the Discover and Pulse networks, and owns Diners Club International. DFS | Complete Discover Financial Services stock news by MarketWatch. Offers may be subject to change without notice. You must click the activation link in order to complete your subscription. Discover Financial Services (NYSE: DFS) is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. Terms & Conditions. Roger C. Hochschild was named chief executive officer and president, effective October 2018, and was elected to the Discover board of directors in August 2018. Discover is the third largest credit card brand in the U.S. based on the number of cards in circulation, behind Visa and MasterCard, with 57 million cardholders. Mr. Roger Crosby Hochschild serves as the President and Chief Executive Officer for Discover Financial Services Since 1st October, 2018 and serves as Director, Chief Executive Officer and President at Discover Bank. deliver exceptional customer experience, financial returns and Since its inception in 1986, the company has become one of the largest card issuers in the United States. Discover's Executive Vice President, Chief Legal Officer and General Counsel is Wanji Walcott. While that only increased their holding size by … customer experience and financial performance that create value for To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Back Rewards, Refer Discover Financial Services (NYSE:DFS) Q2 2020 Earnings Conference Call July 23, 2020 8:00 AM ET Company Participants Craig Streem – Head-Investor Relations Roger Hochschild – … Us, Terms one of the largest card issuers in the United States. shareholder value.”, “On behalf of the Board and Discover shareholders, I'd like to thank 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. notified the Board of his intention to retire from Discover in early Roger Hochschild | Winnetka, Illinois | CEO and President at Discover Financial Services | 500+ connections | See Roger's complete profile on Linkedin and connect Credit Card, Cardmember He joined Discover as president and COO in 1998. From 1991-1998, Nelms served as an executive for MBNA. 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