Biography

Director Since: 2015

Committees: Human Resources and Nominating and Governance (Chair)

Career Highlights: Mr. Hochschild has been Senior Advisor of Magnetar, a leading alternative asset manager, since May 2025. He retired from Discover Financial Services, a digital banking and payment services company, at the end of 2023 after serving as President and Chief Operating Officer from 2004 to 2018 and then President and Chief Executive Officer from 2018 to August 2023. He was Executive Vice President, Chief Administrative and Strategic Officer for Morgan Stanley from 2001 to 2004, and was Executive Vice President, Chief Marketing Officer - Discover from 1998 to 2001, when Discover was a part of Morgan Stanley.

Mr. Hochschild has served as a Director of InterPayments since 2024 and has been a Director of Chicago Public Media since 2016.

Key Skills and Qualifications: Mr. Hochschild brings to the Board executive leadership experience through his service as president and chief executive officer of a large publicly traded digital banking and payment services company, as well as executive-level experience in financial services, accounting and finance, asset and investment management, retail consumer services, and technology.

Education: Bachelor’s degree in economics from Georgetown University and an M.B.A. from the Amos Tuck School at Dartmouth College.

Other Public Company Boards:

Current: None.

Within Last Five Years: Discover Financial Services