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Former TD Bank exec Michael Rhodes appointed as new CEO and president of Discover Financial Services | Fintech InShorts: Latest fintech news, analysis by experts

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Former TD Bank exec Michael Rhodes appointed as new CEO and president of Discover Financial Services

By Laura M

December 12, 2023

Discover Financial Services appoints Michael Rhodes as new CEO and president, effective March 6, 2024.
Rhodes will also become president of Discover Bank and join the company’s board of directors.
The appointment follows the departure of former CEO Roger Hochschild four months ago, with John Owen serving as interim CEO until Rhodes takes over.
Rhodes, with over 25 years of experience, comes from Canadian banking giant TD Bank, where he was the group head for Canadian personal banking.
Before TD Bank, Rhodes held leadership roles at Bank of America and MBNA America Bank.
Rhodes sees his appointment as crucial, stating that Discover is well-positioned to capitalize on future market opportunities.

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