David nelms discover

David nelms discover

Discover card: how did it grow? company history & business

The Linda Parker Hudson Engineering Leader In Residence program at the Herbert Wertheim College of Engineering will host a campus-wide seminar on the position and relevance of values-based leadership, featuring David Nelms, Chairman and CEO of Discover.
All Discover-branded financial services are overseen by David Nelms. He also serves as Chairman of Discover Bank, the Discover card brands’ issuing bank. Mr. Nelms was a Vice Chairman of MBNA America Bank prior to his appointment at Discover in 1998. Prior to that, he worked with Progressive Banking, General Electric, and Bain & Company Consulting as a consultant. Mr. Nelms graduated from the University of Florida with a bachelor’s degree in mechanical engineering and a master’s degree in business administration from Harvard Business School.

Discover ceo roger hochschild at lendit fintech 2019

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Discover acolad with olivier, ceo

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In 2009, David W. Nelms was chosen as the board’s chairman. From 1998 to 2004, he was president and chief operating officer as well as chief executive officer. He now serves as the President of Discover. David worked at MBNA America Bank from 1991 to 1998, most recently as a vice chairman, before joining Discover. Mr. Nelms worked for Progressive Insurance as a senior product manager from 1990 to 1991. Mr. Nelms worked for Bain & Company as a management consultant from 1986 to 1990. He graduated from the University of Florida with a bachelor’s degree in mechanical engineering and a master’s degree in business administration from Harvard Business School.

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David Nelms was the former CEO of Discover Financial, a corporation that employed 17,000 people. David’s leadership style is characterized by openness and communication, which has aided in the growth of his business and the development of a motivated and efficient workforce. He understands that the importance of contact will only increase as our communication methods evolve.
I interviewed over 140 top CEOs from around the world as part of my research for my book, The Future Leader. The majority of them agreed that certain key leadership values, such as vision and communication, would not change in the future. At the same time, aspects like communication will undergo significant changes. The most influential leaders will be those who can adapt to new communication networks and approaches.
David’s leadership style is characterized by openness and communication, which has aided in the growth of his business and the development of a motivated and efficient workforce. He understands that the importance of contact will only increase as our communication methods evolve.

Discover’s nelms sees potential for debit-fee cap delay

On Friday, Discover Financial Services reported that president and chief operating officer Roger C. Hochschild, the company’s No. 2 executive, would take over as CEO on Oct. 1, replacing long-time chairman and CEO David W. Nelms.
Nelms, who has been CEO of Discover since February 2004, will become executive chairman at that time before retiring in early 2019, according to Discover, which is headquartered in Riverwoods, Ill. Nelms will become the second CEO of one of the four U.S.-based general-purpose card networks to retire in less than a year, following American Express Co. CEO Kenneth I. Chenault’s retirement in February.
Hochschild, 53, joined Morgan Stanley’s Discover credit card division in 1998 as chief marketing officer and rose through the ranks to executive vice president and chief administrative and strategic officer after three years. In 2004, he was elected president and COO, and he will continue to be president in October.
Lawrence Weinbach, Discover’s lead independent director, said in a statement, “The board and I are confident that Roger is the right choice to lead the company through its next phase of growth.” “His extensive industry knowledge, as well as his strong market and consumer insights, will allow Discover to maintain its industry-leading performance. David and Roger joined Discover in 1998 and have worked together to produce outstanding customer service, financial returns, and shareholder value.”

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