22 July 2018
Visit www.avoka.com

Discover elects Nelms chairman of the board; Weinbach lead director

15 January 2009  |  1748 views  |  0 Source: Discover Financial Services

Discover Financial Services (NYSE: DFS) today announced the election of CEO David Nelms as chairman of the board, following the resignation of Chairman Dennis Dammerman, who is leaving because of the time commitment required by his new responsibilities as a director of American International Group (AIG).

Discover's Board of Directors elected Lawrence Weinbach to the newly created position of lead director.

"We are grateful for the significant contributions Dennis made to Discover as chairman of the board" said Nelms. "I look forward to working with Larry and the rest of our highly qualified board of directors to lead the company into the future."

Dammerman was Discover's chairman since the company's spin-off from Morgan Stanley in June 2007. He retired in 2005 as vice chairman of the board and executive officer of General Electric Company and director, chairman and chief executive officer of GE Capital Services. He was elected to the AIG board in November.

Weinbach also has served on the Discover board since the company went public. A partner of Yankee Hill Capital Management LLC since 2006, he was formerly the executive chairman of Unisys Corporation and managing partner and chief executive of Andersen Worldwide. He currently chairs Discover's Nominating and Governance Committee and will continue in that role in addition to becoming lead director.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit https://secure.vasco.comVisit http://go.jumio.com/finextraAdVisit info.nice.com

Who is commenting?

Top topics

Most viewed Most shared
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
13889 views comments | 7 tweets | 8 linkedin
Hong Kong plans September go-live for blockchain-based trade financeHong Kong plans September go-live for bloc...
11495 views comments | 9 tweets | 17 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
10268 views 19 comments | 15 tweets | 30 linkedin
IBM to test dollar-pegged 'stablecoin'IBM to test dollar-pegged 'stablecoin'
7653 views comments | 4 tweets | 14 linkedin
Bringing about new systems and faster payments globallyBringing about new systems and faster paym...
7523 views comments | 2 tweets | 7 linkedin

Featured job

Basic c Euro 120K, Variable Euro 120K - full ben...
Paris prefered London possible

Find your next job