Discover Financial CEO resigns; John Owen named interim CEO; board adds Shepherd

Discover Financial Services

CEO Roger Hochschild resigned effective Aug 14, 2023; will serve as advisor through Dec 31, 2023.
Board appointed John B. Owen as Interim CEO and President effective Aug 14, 2023.
J. Michael Shepherd appointed to Board, will serve on Risk Oversight Committee.
Special search committee formed to find permanent CEO; leading global search firm engaged.

item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed (interim)

John B. Owen

Interim Chief Executive Officer and Interim President

Discover Financial Services

Effective: 2023-08-14
Filed: August 14, 2023, 7:59 PM ET

the Board appointed John B. Owen as Interim Chief Executive Officer and Interim President of the Company and as Interim President of the Bank, effective August 14, 2023

Appointed

J. Michael Shepherd

Director

Discover Financial Services

Effective: 2023-08-14
Filed: August 14, 2023, 7:59 PM ET

the Board appointed J. Michael Shepherd as a director of the Company and as a member of the Board of Directors of the Bank, effective August 14, 2023

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

John B. Owen was appointed as Interim Chief Executive Officer and Interim President at Discover Financial Services.

Action: appointed
Role: Interim Chief Executive Officer and Interim President

Exact text from the filing

the Board appointed John B. Owen as Interim Chief Executive Officer and Interim President of the Company and as Interim President of the Bank, effective August 14, 2023

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

J. Michael Shepherd was appointed as Director at Discover Financial Services.

Action: appointed
Role: Director

Exact text from the filing

the Board appointed J. Michael Shepherd as a director of the Company and as a member of the Board of Directors of the Bank, effective August 14, 2023

View on SEC.gov

Source: SEC EDGAR

accession 0001193125-23-212472

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.