David W. Nelms is the Chief Executive Officer of Discover Financial Services, a position he has held since 2004. He brings a strong background in finance, having earned his Bachelor's degree in economics from the University of Chicago. Nelms has...
David W. Nelms is the Chief Executive Officer of Discover Financial Services, a position he has held since 2004. He brings a strong background in finance, having earned his Bachelor's degree in economics from the University of Chicago. Nelms has been with Discover for a long time, first joining in 1998 as President and Chief Operating Officer before becoming CEO. Under his leadership, the company has focused on innovation and customer service, helping to increase their market share in financial services. One interesting fact about Nelms is that he received a special retention grant of 200,000 restricted stock units in 2013 to support the company's long-term strategy, highlighting the board's commitment to keeping him at the helm. Among his responsibilities, he also serves on the Federal Reserve Board of Chicago. His experience includes working at MBNA America Bank and Progressive Insurance, giving him a broad view of the financial landscape. Nelms has been influential in guiding Discover's growth and navigating challenges in the financial industry.