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Discover Financial Services Extends Interim CEO Tenure

Story Highlights
  • Discover Financial Services announced J. Michael Shepherd’s continuation as Interim CEO until merger completion.
  • Shepherd’s compensation includes a base salary and potential bonus, contingent on merger completion by June 30, 2025.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Discover Financial Services Extends Interim CEO Tenure

Discover Financial Services ( (DFS) ) has shared an update.

On March 27, 2025, Discover Financial Services announced that J. Michael Shepherd will continue as Interim CEO and President until the merger with Capital One Financial Corporation is completed or until June 30, 2025. Shepherd’s compensation includes a base salary and a potential merger completion bonus, contingent on the merger’s completion by the specified date. This agreement outlines his compensation and conditions in the event of termination, but excludes participation in the company’s severance plans.

More about Discover Financial Services

Discover Financial Services operates in the financial services industry, primarily offering credit card services, banking products, and payment services. The company focuses on providing innovative financial solutions to consumers and businesses.

YTD Price Performance: -5.86%

Average Trading Volume: 1,946,648

Technical Sentiment Signal: Sell

Current Market Cap: $40.89B

For an in-depth examination of DFS stock, go to TipRanks’ Stock Analysis page.

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