Comment on Discover CEO Michael Rhodes resigns to become Ally’s head

Discover CEO Michael Rhodes resigns to become Ally’s head

Discover Financial Services Chief Executive Officer Michael Rhodes is leaving the credit-card company to become CEO of auto lender Ally Financial Inc. 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.

 

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