Alliance Data Systems Corporation Announces Board, Chair and Committee Changes
June 10, 2020 at 07:30 am EDT
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Alliance Data Systems Corporation announced changes to its board of directors. These include the election of new board members John C. Gerspach, Jr. and Rajesh "Nat" Natarajan, as well as the appointment of long-standing director Roger H. Ballou as board chair. The changes were announced at the Company's Annual Meeting of Stockholders, held on June 9, 2020. Long-time directors Bruce K. Anderson, Kenneth R. Jensen and former chairman Robert A. Minicucci completed their board service and did not stand for re-election.
Mr. Gerspach joins the board after most recently serving as the chief financial officer of Citigroup Inc. (2009–19). He began his tenure with Citigroup in 1990, holding a variety of roles in audit, accounting, risk management and international operations. Recommended to the Alliance Data board's nominating and corporate governance committee by executive management, Mr. Gerspach's executive-level experience in the banking and financial services industry provides significant bench strength to Alliance Data. Mr. Gerspach will chair the board's audit committee and serve as a member of the risk committee. Recommended to the board's nominating and corporate governance committee by a third-party search firm, Mr. Natarajan has served as the executive vice president and chief product and technology officer for Ancestry.com since February 2017. Prior to joining Ancestry.com, he served as senior vice president and chief information security and fraud officer at Intuit Inc. (2014–17), and was the vice president, platform engineering and operations at PayPal Holdings Inc. (2006–14). Mr. Natarajan's executive experience in information technology, cybersecurity, engineering, operations and product development brings a diversified, digital-focused skill set to the board. Mr. Natarajan will serve on the nominating and corporate governance committee as well as the risk committee.
Bread Financial Holdings, Inc. is a tech-forward financial services company. The Company is engaged in providing simple, personalized payment, lending, and saving solutions. The Company through its data insights and white-label technology, it delivers a comprehensive product suite, including private label and co-brand credit cards and buy now, pay later products (split-pay). It also offers direct-to-consumer solutions that give customers more access, and freedom through its branded Bread Cashback American Express Credit Card and Bread Savings products. The Company offers both direct-to-consumer retail deposit products as well as deposits sourced through contractual arrangements with various financial counterparties (often referred to as wholesale deposits). Its products are supported by various services and capabilities, including risk management, account origination and funding services; loan processing and servicing; marketing and data and analytics; and its Enhanced Digital Suite.