United States

People: Discover Financial Services (DFS.N)

DFS.N on New York Stock Exchange

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Nelms, David 

Mr. David W. Nelms is Chairman and Chief Executive Officer of the Company. Mr. Nelms has served as chief executive officer since 2004 and was president and chief operating officer from 1998 to 2004. Mr. Nelms was also Chairman from 2004 until the June 2007 spin-off from Morgan Stanley, former parent company. Mr. Nelms is currently serving a three-year term on the Federal Reserve Board of Chicago Board of Directors. Mr. Nelms also serves on the board of directors of CDW Corporation, a leading provider of technology solutions to business, government, education and healthcare. 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. Mr. Nelms’ deep understanding of the Company’s business and industry provides critical expertise to the Company and makes him well-qualified to serve as Chairman. He also brings valuable leadership experience and knowledge of operations and the day-to-day management of a global financial corporation, which plays a critical role in board discussions regarding strategic planning and development for the Company.

Basic Compensation

Total Annual Compensation, USD 1,000,000
Restricted Stock Awards, USD 6,000,030
Long-Term Incentive Plans, USD --
All Other, USD 1,505,900
Fiscal Year Total, USD 8,505,930

Options Compensation

  Quantity Market Value
Exercisable -- --
Unexercisable -- --
Exercised -- --