Synchrony Financial (SYF) Announces Bill Parker to Board
Synchrony (NYSE: SYF) today announced P.W. "Bill" Parker, former chief risk officer of U.S. Bancorp, has been elected to Synchrony's board of directors, effective immediately.
Parker, 63, retired from U.S. Bancorp as the chief risk officer following 34 years of service at the company. During his tenure, Mr. Parker helped lead the bank through the 2008 financial crisis as chief credit officer with a focus on credit policy and navigated the bank through the subsequent regulatory reforms as chief risk officer.
Parker began his career as a commercial lending officer and held subsequent positions as senior credit officer in retail and wholesale banking, and as the executive vice president for credit policy.
Margaret Keane, Synchrony chief executive officer said: "Bill Parker is an acknowledged leader in the evolving area of risk management and has deep expertise in credit. His compliance, credit and risk experience make him a valuable addition to the Synchrony board."
"I am excited to join Synchrony's board. I respect the company's values-based culture and their long heritage of balancing risk management with differentiated customer experiences," said Bill Parker.
Synchrony's commitment to diversity starts at the top with the board of directors which includes a broad range of diversity of gender, race and thought. Synchrony has one of the most diverse boards among Fortune 200 financial services companies. With the appointment of Parker, Synchrony's board consists of twelve members including:
- Fernando Aguirre, former CEO of Chiquita Brands; - Paget Alves, former Chief Sales Officer of Sprint Corporation;- Arthur Coviello, Jr., former Executive Vice President of EMC Corporation, and Executive Chairman, RSA Security, Inc.; - William Graylin, Chairman of OV Loop, Inc.; - Roy Guthrie, former CEO of Renovate America, and former EVP and CFO of Discover Financial Services Inc.; - Richard Hartnack, former Vice Chairman and Head, consumer and small business banking of U.S. Bancorp; - Margaret Keane, CEO, Synchrony; - Jeffrey Naylor, former Senior EVP and CFO of the TJX Companies, Inc.;- Laurel Richie, former President of the Women's National Basketball Association LLC; - Olympia Snowe, Chairman and CEO of Olympia Snowe, LLC, and former U.S. Senator from 1995-2013 and member of the U.S. House of Representatives from 1979-1995; and- Ellen Zane, former president and CEO of Tufts Medical Center and the Floating Hospital for Children.