Discover Financial Services and Discover Bank Appoint Kathy “Moe” Lonowski to Their Boards of Directors
06 September 2023 - 7:15AM
Business Wire
Discover Financial Services (NYSE: DFS) today announced that
Kathy “Moe” Lonowski has been appointed to the Boards of Directors
of Discover Financial Services and its subsidiary, Discover Bank,
effective immediately. She will serve on the Boards’ Risk Oversight
Committee.
Moe has 38 years of bank regulatory experience, including with
prudential oversight of some of the largest financial institutions
in the U.S. She recently retired as Regional Director of the
Federal Deposit Insurance Corporation (FDIC), San Francisco Region,
a role she held since 2016. As Director of the San Francisco
Region, the FDIC’s largest in terms of Gross Domestic Product, Moe
evaluated the operations of 350 insured financial institutions and
led the risk management and consumer protection divisions covering
11 western states. She also supported the management of examination
and legal risk-related technical issues and assessed solutions
related to potential enforcement actions and civil money
penalties.
Prior to her role as Regional Director for the San Francisco
Region, Moe served as an FDIC Deputy Regional Director, Risk
Management Supervision, and Field Supervisor, Risk Management
Supervision.
“Kathy’s knowledge and depth of experience gained during her
tenure with the FDIC make her an excellent addition to our Board,”
said Tom Maheras, Chairman of the Board. “With compliance being a
top priority at Discover, Kathy’s expertise with regulatory issues
and understanding of the financial services industry will help make
the company more effective in managing risk.”
About Discover
Discover Financial Services (NYSE: DFS) is a digital banking and
payment services company with one of the most recognized brands in
U.S. financial services. Since its inception in 1986, the company
has become one of the largest card issuers in the United States.
The company issues the Discover® card, America's cash rewards
pioneer, and offers private student loans, personal loans, home
loans, checking and savings accounts and certificates of deposit
through its banking business. It operates the Discover Global
Network® comprised of Discover Network, with millions of merchants
and cash access locations; PULSE®, one of the nation's leading
ATM/debit networks; and Diners Club International®, a global
payments network with acceptance around the world. For more
information, visit www.discover.com/company.
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version on businesswire.com: https://www.businesswire.com/news/home/20230905226752/en/
Media Contact Matthew Towson 224-405-5649
matthewtowson@discover.com @Discover_News
Investor Relations Eric Wasserstrom 224-405-4555
investorrelations@discover.com
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