Discover Financial Services Says Roger Hochschild Steps Down As CEO And President, Effective Immediately
Portfolio Pulse from Benzinga Newsdesk
Discover Financial Services announced that Roger Hochschild has stepped down as CEO and President, effective immediately. John Owen, a member of the Board, has been appointed as the Interim CEO and President.
August 14, 2023 | 9:25 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Discover Financial Services' CEO and President, Roger Hochschild, has stepped down effective immediately. John Owen, a board member, has been appointed as the Interim CEO and President.
Leadership changes can cause uncertainty among investors, potentially impacting the company's stock price. However, the immediate appointment of an interim CEO and President may mitigate some of this uncertainty. The impact on the stock price will depend on the market's perception of the new leadership and the reasons behind the sudden change.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100