Discover CEO Michael Rhodes Resigns to Become Ally's Head [BNN Bloomberg (Canada)]
Capital One Financial Corporation (COF)
Last capital one financial corporation earnings: 4/23 04:05 pm
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Source: BNN Bloomberg
Rhodes will stay at Discover until April 1, when he will be replaced by board member J. Michael Shepherd as interim CEO, the Riverwoods, Illinois-based company said in a regulatory filing Wednesday. Ally has been without a permanent CEO since Jeffrey Brown stepped down earlier this year, and Doug Timmerman has been serving in the role on an interim basis. “I have long admired Ally's transformational approach to digital banking and its leading position in automotive finance,” Rhodes, who is set to join Ally on April 29, said in a statement. “I am so pleased the board has put its trust in me to continue advancing Ally's strategy alongside the strong leadership team.” Rhodes, a former Toronto-Dominion Bank executive, was named CEO of Discover in December after Roger Hochschild resigned amid compliance and risk-management lapses. That appointment came just months before Capital One Financial Corp. agreed to buy Discover in a $35 billion deal. The deal is slated to create the larges
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COF
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- 4/25/24 - Miss
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Sec Filings
- 4/25/24 - Form 8-K
- 4/25/24 - Form 8-K
- 4/19/24 - Form S-4
- COF's page on the SEC website