Roger C. Hochschild has served as president and chief operating officer since 2004, and was executive vice president, chief marketing officer from 1998 to 2001. From 2001 to 2004, Roger was executive vice president, chief administrative and chief strategic officer of Morgan Stanley. He holds a bachelor's degree in economics from Georgetown University and an M.B.A. from the Amos Tuck School at Dartmouth College.

Roy A. Guthrie has served as executive vice president, chief financial officer since 2005. Prior to joining Discover, Roy was president and chief executive officer of CitiFinancial International, LTD, a Consumer Finance Business of Citigroup, from 2000 to 2004. In addition, Roy served on Citigroup's Management Committee during this period of time. Roy served as chief financial officer of Associates First Capital Corporation from 1996 to 2000, while it was a public company and served as a member of its board from 1998 to 2000. He holds a bachelor's degree in economics from Hanover College and an M.B.A. from Drake University.

Kathryn McNamara Corley has served as senior vice president and general counsel since 1999 and as secretary since 2007. Prior to becoming general counsel, Kathryn was managing director for Morgan Stanley's global government and regulatory relations. She holds a bachelor's degree in political science from the University of Southern California and a J.D. from George Mason University School of Law.

Carlos Minetti has served as executive vice president of Cardmember Services since January 2001. In addition, he was appointed to oversee consumer banking products in 2006. Prior to joining Discover, Carlos worked in card operations and risk management for American Express from 1987 to 2000, most recently as senior vice president. He holds a Bachelor of Science degree in industrial engineering from Texas A&M University and an M.B.A. from the University of Chicago.

Diane E. Offereins was named executive vice president, payment services in December 2008 with responsibility for Discover Network, PULSE and Diners Club International. She was executive vice president, chief technology officer from 1998 to December 2008. She has overseen the PULSE Network since 2006. From 1993 to 1998, Diane was at MBNA America Bank, most recently as senior executive vice president. She holds a Bachelor of Business Administration degree in accounting from Loyola University.

James V. Panzarino has served as senior vice president and chief credit risk officer since 2006, and was senior vice president of Cardmember Assistance from 2003 to 2006. Prior to joining Discover, Jim was vice president of external collections and recovery at American Express from 1998 to 2002. He holds a bachelor's degree in business management and communication from Adelphi University.

Harit Talwar was named executive vice president, card programs and chief marketing officer in December 2008. He was executive vice president, Discover Network from December 2003 to December 2008. From 2000 to 2003, he was managing director for Discover international business. Previously, Harit held a number of positions at Citigroup from 1985 to 2000, most recently as country head of the consumer banking division in Poland. He holds a B.A. Hons degree in economics from Delhi University in India and received his M.B.A. from the Indian Institute of Management, Ahmedabad.

Mr. Weinbach was elected lead director in January 2009. He has been a partner of Yankee Hill Capital Management LLC, a private equity firm, since 2006. Prior to that, he was the executive chairman of Unisys Corporation, a worldwide information services and technology company, from 2005 to 2006, and its chairman and chief executive officer from 1997 to 2004. He began his career in 1961 at Arthur Andersen, ultimately serving as managing partner and chief executive of Andersen Worldwide, a global professional services organization, which included Arthur Andersen and the company known as Accenture from 1989 to 1997. Mr. Weinbach serves on the boards of directors of Avon Products, Inc., UBS AG and Quadra Realty Trust, Inc.

Mr. Aronin is president and chief executive officer of Lundbeck Inc., a biopharmaceutical company he founded in 2000. He is the former chairman and chief executive officer at MedCare Technologies Inc., a publicly held healthcare company. He also has held various executive positions at American Health Products Corporation, including leadership of both marketing and business development, and in the pharmaceutical division of Carter-Wallace, Inc.

Ms. Bush has served as the president of Bush International, which advises U.S. companies and foreign governments on international financial markets, banking and economic matters, since 1991. She has served as the U.S. government's representative on the IMF Board, head of the Federal Home Loan Bank System and head of International Finance at Fannie Mae. In 2006, President Bush appointed her chairman of the HELP Commission, whose goal is to improve the effectiveness of U.S. foreign aid. Ms. Bush is a member of the board of directors of UAL Corporation, Brady Corp., Briggs & Stratton Corporation, ManTech International Corporation and The Pioneer Family of Mutual Funds.

Mr. Case has been president and chief executive officer of Aon Corporation since 2005 and is a member of the company's board of directors. Prior to joining Aon, Mr. Case was with McKinsey & Company, the international management consulting firm, for 17 years, most recently serving as head of the Financial Services Practice. Prior to joining McKinsey, he worked for the investment banking firm of Piper, Jaffray and Hopwood and the Federal Reserve Bank in Kansas City. He serves as a director of Children's Memorial Hospital, the Economic Club of Chicago, and the Financial Services Roundtable, among others.

Mr. Devlin is chairman of Curragh Capital Partners, a private equity and investment firm he founded in 2002. He is a principal owner and a director of Forethought Financial Group Inc., a life insurance and financial services company. He also serves as a senior advisor to Lazard, Inc., and is a director of Cooper Industries, Ltd. and LKQ Corporation. He was chairman, president and chief executive officer of American General Corporation from 1996 to 2001.

Ms. Glassman was undersecretary for economic affairs at the U.S. Department of Commerce from 2006 to 2009. Prior to serving at the Commerce Department, she was a commissioner at the U.S. Securities and Exchange Commission from 2002 to 2006. She received her M.A. and Ph.D. in economics from the University of Pennsylvania.

Mr. Lenny was chairman, president and chief executive officer of The Hershey Company from 2002 until his retirement in 2007. Prior to joining Hershey, he served as a group vice president of Kraft Foods and president of its Nabisco Biscuit and Snack business. He serves on the McDonald's Corporation board of directors. He received his M.B.A. from Northwestern University's J.L. Kellogg School of Management.

Mr. Maheras is a partner at Tegean Capital Management, LLC. He has extensive banking and capital markets experience, including 23 years at Citi, where he was chairman and co-CEO of Citi markets and banking. He was formerly chairman of the U.S. Treasury Department Borrowing Advisory Committee and a director of the Securities Industry and Financial Markets Association. He is a member of the Board of Trustees of Carnegie Hall and a member of the Business Advisory Council for the Mendoza College of Business at the University of Notre Dame, where he received a degree in finance.

Mr. Moskow retired as president and chief executive officer of the Federal Reserve Bank of Chicago in 2007, where he had served since 1994. From 1993 to 1994, he was a full-time faculty member at Northwestern University's Kellogg School of Management. Prior to teaching at Northwestern, Mr. Moskow was a deputy U.S. trade representative with the rank of Ambassador, following his appointment by President George H. Bush in 1991. From 1969 to 1977, he held a number of senior positions with the U.S. government, including undersecretary of labor at the U.S. Department of Labor, director of the Council on Wage and Price Stability and senior staff economist with the Council of Economic Advisers. Mr. Moskow serves on the board of directors of Commonwealth Edison Company, Northern Trust Mutual Funds and Diamond Management and Technology Consultants.

Ms. Smith retired from Constellation Energy Group, Inc. in May 2007 where she was executive vice president, chief financial officer and chief administrative officer. Ms. Smith joined Constellation Energy Group as senior vice president, chief financial officer in June 2001 and was appointed Chief Administrative Officer in December 2003. Before joining Constellation Energy Group, she served as senior vice president and chief financial officer of Armstrong Holdings, Inc. Prior to joining Armstrong, Ms. Smith held senior financial positions with General Motors, including chief financial officer for the company's Delphi Chassis System division. She is on the board of directors of Ryder System, Inc., and the board of trustees of the Darden Foundation of the University of Virginia.