People: Discover Financial Services (DFS)
DFS on New York Consolidated
48.19USD
20 May 2013
48.19USD
20 May 2013
Price Change (% chg)
$0.49 (+1.03%)
$0.49 (+1.03%)
Prev Close
$47.70
$47.70
Open
$47.74
$47.74
Day's High
$48.90
$48.90
Day's Low
$47.70
$47.70
Volume
4,588,365
4,588,365
Avg. Vol
4,918,301
4,918,301
52-wk High
$48.90
$48.90
52-wk Low
$30.48
$30.48
Summary
| Name | Age | Since | Current Position |
|---|---|---|---|
David Nelms |
52 | 2009 | Chairman of the Board, Chief Executive Officer |
Roger Hochschild |
48 | 2004 | President, Chief Operating Officer |
R. Mark Graf |
48 | 2012 | Chief Financial Officer, Executive Vice President |
James Panzarino |
60 | 2009 | Executive Vice President, Chief Credit Risk Officer |
Kathryn Corley |
52 | 2008 | Executive Vice President, General Counsel, Secretary |
Carlos Minetti |
50 | 2010 | Executive Vice President, President - Consumer Banking and Operations |
Diane Offereins |
55 | 2010 | Executive Vice President, President - Payment Services |
Harit Talwar |
52 | 2010 | Executive Vice President, President - U.S. Cards |
Glenn Schneider |
51 | 2008 | Senior Vice President, Chief Information Officer |
Edward McGrogan |
46 | 2012 | Chief Accounting Officer, Vice President, Controller |
Lawrence Weinbach |
73 | 2009 | Lead Independent Director |
Jeffrey Aronin |
45 | 2007 | Independent Director |
Mary Bush |
64 | 2007 | Independent Director |
Gregory Case |
50 | 2007 | Independent Director |
Robert Devlin |
2007 | Independent Director | |
Cynthia Glassman |
65 | 2009 | Independent Director |
Richard Lenny |
61 | 2009 | Independent Director |
Thomas Maheras |
50 | 2008 | Independent Director |
Michael Moskow |
75 | 2007 | Independent Director |
E. Follin Smith |
53 | 2007 | Independent Director |
William Franklin |
2012 | Vice President - Investor Relations |
Biographies
| Name | Description |
|---|---|
David Nelms |
Mr. David W. Nelms is Chairman of the Board, Chief Executive Officer of Discover Financial Services. Mr. Nelms has served as the company's chief executive officer since 2004 and was president and chief operating officer from 1998 to 2004. Mr. Nelms was also the company's Chairman from 2004 until the June 2007 spin-off from Morgan Stanley, the company's former parent company. Prior to joining Discover, Mr. Nelms worked at MBNA America Bank from 1991 to 1998, most recently as a vice chairman. From 1990 to 1991, Mr. Nelms was a senior product manager for Progressive Insurance. From 1986 to 1990, Mr. Nelms was a management consultant with Bain & Company. |
Roger Hochschild |
Mr. Roger C. Hochschild is President and Chief Operating Officer of Discover Financial Services since 2004. He was Executive Vice President, Chief Marketing Officer from 1998 to 2001. From 2001 to 2004, Mr. Hochschild was Executive Vice President, Chief Administrative Officer and Chief Strategic Officer of the former parent Morgan Stanley. Mr. Hochschild holds a Bachelor's degree in Economics from Georgetown University and an M.B.A. from the Amos Tuck School at Dartmouth College. |
R. Mark Graf |
Mr. R. Mark Graf is Chief Financial Officer, Executive Vice President of Discover Financial Services since April 2011. He was also Chief Accounting Officer until December 2012. Prior to joining the Company, Mr. Graf was an investment advisor with Aquiline Capital Partners, a private equity firm specializing in investments in the financial services industry. From 2006 to 2008, Mr. Graf was a partner at Barrett Ellman Stoddard Capital. Mr. Graf was Executive Vice President and Chief Financial Officer for Fifth Third Bank from 2004 to 2006, after having served as its Treasurer from 2001 to 2004. He holds a Bachelor's degree from the Wharton School of the University of Pennsylvania. |
James Panzarino |
Mr. James V. Panzarino is Executive Vice President and Chief Credit Risk Officer of Discover Financial Services since December 2009. Prior thereto, he served as Senior Vice President and Chief Credit Risk Officer from 2006 to 2009, and Senior Vice President, Cardmember Assistance, from 2003 to 2006. Prior to joining the Company, Mr. Panzarino was Vice President of External Collections and Recovery at American Express from 1998 to 2002. Mr. Panzarino holds a Bachelor's degree in Business Management and Communication from Adelphi University. |
Kathryn Corley |
Ms. Kathryn McNamara Corley is Executive Vice President, General Counsel and Secretary of Discover Financial Services since February 2008. Prior thereto, she served as Senior Vice President, General Counsel and Secretary since 1999. Prior to becoming General Counsel, Ms. Corley was Managing Director for the former parent Morgan Stanley's global government and regulatory relations. Ms. Corley holds a Bachelor's degree in Political Science from the University of Southern California and a J.D. from George Mason University School of Law. |
Carlos Minetti |
Mr. Carlos Minetti is Executive Vice President, President - Consumer Banking and Operations of Discover Financial Services since April 2010. Prior thereto, he served as Executive Vice President, Cardmember Services and Consumer Banking, and since September 2006, Executive Vice President, Cardmember Services and Risk Management. Prior to joining the Company as Executive Vice President, Cardmember Services in January 2001, Mr. Minetti worked in card operations and risk management for American Express from 1987 to 2000, most recently as Senior Vice President. Mr. Minetti holds a Bachelor's of Science degree in Industrial Engineering from Texas A & M University and an M.B.A. from the University of Chicago. |
Diane Offereins |
Ms. Diane E. Offereins is Executive Vice President, President - Payment Services of Discover Financial Services since April 2010. Prior thereto, she served as Executive Vice President, Payment Services since December 2008 and Executive Vice President and Chief Technology Officer since 1998. In addition, she was appointed to oversee the PULSE network in 2006. From 1993 to 1998, Ms. Offereins was at MBNA America Bank, most recently as Senior Executive Vice President. Ms. Offereins holds a Bachelor's of Business Administration degree in Accounting from Loyola University. |
Harit Talwar |
Mr. Harit Talwar is Executive Vice President, President - U.S. Cards of Discover Financial Services since April 2010. Prior thereto, he served as Executive Vice President, Card Programs and Chief Marketing Officer since December 2008 and Executive Vice President, Discover Network since December 2003. From 2000 to 2003, Mr. Talwar was Managing Director for the international business. Mr. Talwar held a number of positions at Citigroup from 1985 to 2000, most recently as Country Head, Consumer Banking Division, Poland. Mr. Talwar holds a B.A. Hons degree in Economics from Delhi University in India and an M.B.A. from the Indian Institute of Management, Ahmedabad. |
Glenn Schneider |
Mr. Glenn Schneider is Senior Vice President and Chief Information Officer of Discover Financial Services since December 2008. From 2003 to 2008, he was Senior Vice President, Application Development, and from 1998 to 2003, he served as Vice President, Marketing Applications. Mr. Schneider joined the Company in 1993. He holds a Bachelor's degree in Economics/Computer Science and a minor in Statistics from Northern Illinois University. |
Edward McGrogan |
Mr. Edward McGrogan has been appointed as Chief Accounting Officer, Vice President, Controller of Discover Financial Services effective December 18, 2012. Mr. McGrogan has been employed by the Company for approximately four years serving most recently, as Vice President, Reporting and Accounting Services and previously as Director, External Reporting. Prior to working at the Company, Mr. McGrogan worked at LaSalle Bank N.A. for approximately ten years in a variety of positions, including as Senior Vice President, Financial Planning and Analysis from 2006 until 2008 and previously as First Vice President, External Reporting. |
Lawrence Weinbach |
Mr. Lawrence A. Weinbach is Lead Independent Director of Discover Financial Services, since 2009. He has been Independent Director since 2007. Mr. Weinbach has been chairman of Great Western Products Holdings LLC, a manufacturer and master distributor of food and nonfood concession products, since January 2009 and has been a managing director of Yankee Hill Capital Management LLC, a private equity firm, since 2006. Prior to that, he was the executive chairman of Unisys Corporation, a worldwide information services and technology company, from 2005 to 2006, and its chairman and chief executive officer from 1997 to 2004. Mr. Weinbach serves on the board of directors of Avon Products, Inc. In the last five years, he also served as a director of Quadra Realty Trust and UBS, AG. He began his career in 1961 at Arthur Andersen, ultimately serving as managing partner and chief executive of Andersen Worldwide, a global professional services organization, which included Arthur Andersen and the company now known as Accenture from 1989 to 1997. |
Jeffrey Aronin |
Mr. Jeffrey S. Aronin is Independent Director of Discover Financial Services, since 2007. Mr. Aronin is chairman and chief executive officer of Paragon Pharmaceuticals, a global development and biopharmaceutical investment firm. From 2000 to 2009, Mr. Aronin was president and chief executive officer of Ovation Pharmaceuticals Inc., a biopharmaceutical company he founded in 2000. In 2009, Ovation Pharmaceuticals was acquired by Lundbeck, Inc. Mr. Aronin served as president and chief executive officer of Lundbeck, Inc. in 2009 during its acquisition and integration of Ovation Pharmaceuticals. He is the former chairman and chief executive officer at MedCare Technologies Inc., a publicly held healthcare company. |
Mary Bush |
The Honorable Mary K. Bush is Independent Director of Discover Financial Services, since 2007. Ms. Bush has served as the president of Bush International, a financial and business strategy advisory firm, since 1991 and as senior managing director of Brock Capital Group, LLC, an advisory and investment banking firm, since 2010. Ms. Bush is a member of the board of directors of ManTech International Corporation, Marriott International and The Pioneer Family of Mutual Funds. In the past five years, she has also served as a director of UAL Corporation, Brady Corporation, Briggs & Stratton, MGIC Investment Corporation and Mortgage Guaranty Investment Corporation. |
Gregory Case |
Mr. Gregory C. Case is Independent Director of Discover Financial Services, since 2007. Mr. Case has been president and chief executive officer of Aon Corporation since 2005 and is a member of Aon’s Board of Directors. Prior to joining Aon, Mr. Case was with McKinsey & Company, an international management consulting firm, for 17 years, most recently serving as head of the Financial Services Practice. Prior to joining McKinsey, he worked for the investment banking firm of Piper, Jaffray and Hopwood and the Federal Reserve Bank in Kansas City. |
Robert Devlin |
Mr. Robert M. Devlin is Independent Director of Discover Financial Services, since 2007. Mr. Devlin is chairman of Curragh Capital Partners, a private equity and investment firm he founded in 2002. He is a principal owner and a director of Forethought Financial Group Inc., a life insurance and financial services company. He was chairman, president and chief executive officer of American General Corporation from 1996 to 2001. In the past five years, he has also served as a director of Cooper Industries and LKQ Corporation. |
Cynthia Glassman |
Honourable Cynthia A. Glassman, Ph.D., is Independent Director of Discover Financial Services, since 2009. Dr. Glassman was appointed by President Bush as Under Secretary for Economic Affairs at the U.S. Department of Commerce from 2006 to 2009 and as Commissioner of the U.S. Securities and Exchange Commission from 2002 to 2006. Dr. Glassman is a director of Navigant Consulting, Inc. She also is a Senior Research Scholar at the Institute for Corporate Responsibility at the George Washington University School of Business. |
Richard Lenny |
Mr. Richard H. Lenny is Independent Director of Discover Financial Services, since 2009. Mr. Lenny has been an operating partner with Friedman Fleischer & Lowe LLC, a private equity firm, since 2011. Mr. Lenny was chairman, president and chief executive officer of The Hershey Company, a manufacturer, distributor and marketer of chocolate and non-chocolate candy, snacks and candy-related grocery products, from March 2001 until his retirement in December 2007. From 1998 to 2001, Mr. Lenny was President of Nabisco Biscuit Company, which became a subsidiary of Kraft Foods, Inc. in 2000. Mr. Lenny is a director of McDonald’s Corporation and ConAgra Foods. In the last five years, he also served as a director of The Hershey Company. |
Thomas Maheras |
Mr. Thomas G. Maheras is Independent Director of Discover Financial Services, since 2008. Mr. Maheras has been the founding partner of Tegean Capital Management, LLC since 2008. Mr. Maheras was chairman and co-chief executive officer of Citigroup Inc.’s Markets and Banking in 2007. From 2004 to 2007, Mr. Maheras was chief executive officer of global capital markets at Citigroup. Mr. Maheras was formerly chairman of the U.S. Treasury Borrowing Advisory Committee and a director of the Securities Industry and Financial Markets Association. |
Michael Moskow |
Mr. Michael H. Moskow, Ph.D., is Independent Director of Discover Financial Services, since 2007. Mr. Moskow retired as president and chief executive officer of the Federal Reserve Bank of Chicago in 2007, where he had served since 1994. Mr. Moskow serves on the board of directors of Northern Trust Mutual Funds, Taylor Capital Group Inc., Education Corporation of America and Commonwealth Edison Company, a subsidiary of Exelon Corporation. In the past five years, he has also served as a director of Diamond Management and Technology Consultants. From 1993 to 1994, he was a full-time faculty member at Northwestern University’s Kellogg School of Management. Prior to teaching at Northwestern, Mr. Moskow was a Deputy U.S. Trade Representative, following his appointment by President Bush in 1991. From 1969 to 1977, he held a number of senior positions with the U.S. government, including undersecretary of labor at the U.S. Department of Labor, director of the Council on Wage and Price Stability and senior staff economist with the Council of Economic Advisers. |
E. Follin Smith |
Ms. E. Follin Smith is Independent Director of Discover Financial Services, since 2007. . Smith retired from Constellation Energy Group, Inc. in May 2007 where she was executive vice president, chief financial officer and chief administrative officer. Ms. Smith joined Constellation Energy Group as senior vice president, chief financial officer in June 2001 and was appointed chief administrative officer in December 2003. She serves on the boards of directors of Ryder System, Inc. and Kraft Foods Group, Inc. |
William Franklin |
Basic Compensation
| Name | Fiscal Year Total |
|---|---|
David Nelms |
9,959,110 |
Roger Hochschild |
6,101,020 |
R. Mark Graf |
3,487,500 |
James Panzarino |
-- |
Kathryn Corley |
-- |
Carlos Minetti |
4,970,770 |
Diane Offereins |
3,980,600 |
Harit Talwar |
3,871,060 |
Glenn Schneider |
-- |
Edward McGrogan |
-- |
Lawrence Weinbach |
-- |
Jeffrey Aronin |
-- |
Mary Bush |
-- |
Gregory Case |
-- |
Robert Devlin |
-- |
Cynthia Glassman |
-- |
Richard Lenny |
-- |
Thomas Maheras |
-- |
Michael Moskow |
-- |
E. Follin Smith |
-- |
William Franklin |
-- |
As Of 29 Nov 2012
Options Compensation
| Name | Options | Value |
|---|---|---|
David Nelms |
237,880 | 3,902,910 |
Roger Hochschild |
92,990 | 1,766,780 |
R. Mark Graf |
0 | 0 |
James Panzarino |
0 | 0 |
Kathryn Corley |
0 | 0 |
Carlos Minetti |
52,549 | 379,693 |
Diane Offereins |
165,532 | 3,304,940 |
Harit Talwar |
220,957 | 0 |
Glenn Schneider |
0 | 0 |
Edward McGrogan |
0 | 0 |
Lawrence Weinbach |
0 | 0 |
Jeffrey Aronin |
0 | 0 |
Mary Bush |
0 | 0 |
Gregory Case |
0 | 0 |
Robert Devlin |
0 | 0 |
Cynthia Glassman |
0 | 0 |
Richard Lenny |
0 | 0 |
Thomas Maheras |
0 | 0 |
Michael Moskow |
0 | 0 |
E. Follin Smith |
0 | 0 |
William Franklin |
0 | 0 |
| Name | Shares Traded | Price |
|---|---|---|
CUNNINGHAM STEVEN E |
2,281 | $0.00 |
TALWAR HARIT |
575 | $0.00 |
NELMS DAVID W |
25,000 | $0.00 |
TALWAR HARIT |
575 | $0.00 |
NELMS DAVID W |
75,000 | $43.87 |
HOCHSCHILD ROGER C |
100,000 | $18.05 |
HOCHSCHILD ROGER C |
68,849 | $44.19 |
SMITH E FOLLIN |
10,081 | $44.35 |
CASE GREGORY C |
2,941 | $0.00 |
SMITH E FOLLIN |
2,941 | $0.00 |
WEINBACH LAWRENCE A |
2,941 | $0.00 |
LENNY RICHARD H |
2,941 | $0.00 |
BUSH MARY K |
2,941 | $0.00 |
GLASSMAN CYNTHIA A |
2,941 | $0.00 |
ROSE R DOUGLAS |
7,059 | $0.00 |
ARONIN JEFFREY S |
2,941 | $0.00 |
THIERER MARK A |
2,941 | $0.00 |
MAHERAS THOMAS G |
2,941 | $0.00 |
MOSKOW MICHAEL H |
2,941 | $0.00 |
SCHNEIDER GLENN P |
10,285 | $0.00 |
HOCHSCHILD ROGER C |
29,313 | $0.00 |
CORLEY KATHRYN MCNAMARA |
12,343 | $0.00 |
PANZARINO JAMES V |
20,571 | $0.00 |
MCGROGAN EDWARD W |
2,469 | $0.00 |
GRAF R MARK |
23,656 | $0.00 |

