- Discover Financial Services appoints Michael Rhodes as new CEO and president, effective March 6, 2024.
- Rhodes will also become president of Discover Bank and join the company’s board of directors.
- The appointment follows the departure of former CEO Roger Hochschild four months ago, with John Owen serving as interim CEO until Rhodes takes over.
- Rhodes, with over 25 years of experience, comes from Canadian banking giant TD Bank, where he was the group head for Canadian personal banking.
- Before TD Bank, Rhodes held leadership roles at Bank of America and MBNA America Bank.
- Rhodes sees his appointment as crucial, stating that Discover is well-positioned to capitalize on future market opportunities.
