An abrupt exit for Discover Financial Services’ chief executive is sending a troubling signal to Wall Street given the credit-card company’s regulatory position.
Discover DFS announced late Monday that Roger Hochschild would be stepping down from the CEO post, with John Owen, a current board member, taking over in an interim capacity. Additionally, J. Michael Shepherd, a former BancWest CEO who has “deep experience in the areas of compliance, risk management and corporate governance,” will join the company’s board of directors,…
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