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    J. Michael Shepherd

    Interim Chief Executive Officer and President at Discover Financial Services
    Since April 1, 2024
    Age
    69 years
    Education
    Holds a bachelor's degree from Stanford University and a law degree from the University of Michigan Law School.
    Tenure
    Began tenure as Interim Chief Executive Officer and President of DFS on April 1, 2024, taking charge of strategic leadership while overseeing key operational transitions.

    Also at Discover Financial Services

    DPC
    Daniel P. Capozzi
    Executive Vice President, President – Consumer Banking
    EV
    Efie Vainikos
    Assistant Secretary
    HDM
    Hope D. Mehlman
    Executive Vice President, Chief Legal Officer, General Counsel, and Corporate Secretary

    About

    J. Michael Shepherd brings a wealth of experience from both the financial services sector and government roles, having served in high-impact positions such as General Counsel, Senior Deputy Comptroller of the Currency, and Deputy Assistant Attorney General. His diverse background has well-prepared him for the leadership challenges at DFS.

    Before his appointment at DFS, he held significant roles at Bank of the West and BNP Paribas where he advanced from General Counsel to President, and eventually became Chairman & CEO. His work in these positions focused on risk management, consumer banking, and navigating complex regulatory environments, demonstrating his deep expertise in financial operations.

    Beyond his corporate roles, his contributions extend to board memberships and advisory positions, having served on the boards of Pacific Mutual Holdings Inc. and previously on First Hawaiian, Inc. and CoreLogic. His extensive career reflects a strong commitment to innovation, strategic growth, and a balanced understanding of both industry and government imperatives.

    $DFS Performance Under J. Michael Shepherd

    Past Roles

    Organization Role Date Range Details
    BNP Paribas USA, Inc. Chairman & Director Chairman: 2016-2019; Director: 2016-February 2023 Served as Chairman from 2016 to 2019 and as Director until February 2023
    BancWest Corporation and Bank of the West Chairman & CEO N/A Held positions including General Counsel, President, and Chairman & CEO; joined Bank of the West in 2004
    Bank of New York Company, Inc. General Counsel N/A N/A
    Shawmut National Corporation General Counsel N/A N/A
    Office of the Comptroller of the Currency Senior Deputy Comptroller N/A N/A
    White House and U.S. Department of Justice Associate Counsel to the President; Deputy Assistant Attorney General N/A Held key legal positions in the White House and DOJ

    External Roles

    Organization Role Date Range Details
    Pacific Mutual Holdings Inc. Board Director N/A Active board membership

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    One-Time Cash Award$1,500,000 Single lump sum on or before December 31, 2024 Approved by the Compensation and Human Capital Committee on December 23, 2024; paid less applicable taxes and withholdings

    Performance Compensation

    Data from  FY 2024

    No information available on performance compensation for 2024