Seasoned executive deepens financial, risk and
strategic expertise
STAMFORD, Conn., Sept. 17,
2024 /PRNewswire/ -- Synchrony Financial
(NYSE: SYF), a premier consumer financial services company,
today announced Daniel Colao, a
retired financial services executive with over 30 years of industry
experience, has been appointed to Synchrony's Board of Directors,
effective October 1, 2024.
"We're thrilled to welcome Dan back to the Synchrony Board of
Directors," said Brian Doubles, President and Chief Executive
Officer. Mr. Colao previously served on the Company's Board
from February 2014 to November
2015. "Dan has extensive expertise in financial services and
consumer lending, and will provide valuable insights to the Board
as the company navigates the economic environment and regulatory
landscape."
Mr. Colao most recently served as the Chief Financial Officer
and Executive Advisor of GE Capital from 2017 until his retirement
in June 2021. In this role, he was integral in the strategic
repositioning of GE Capital, including the execution of multiple
transactions to improve overall capital allocation, as well as
actions to strengthen reserves, governance, and controls within the
business division. Mr. Colao currently serves on the Advisory
Board of AX Partners, a privately-held capital markets solutions
provider.
"I am excited to re-join the Synchrony Board. I really
respect their values-based culture and strong management team, as
well as the dedication of the Board and management to the Company's
employees, customers, partners, and shareholders," said Mr.
Colao.
With the appointment of Mr. Colao, Synchrony's Board of
Directors will now consist of eleven members.
About Synchrony
Synchrony (NYSE: SYF) is a premier consumer financial services
company delivering one of the industry's most complete
digitally-enabled product suites. Our experience, expertise and
scale encompass a broad spectrum of industries including digital,
health and wellness, retail, telecommunications, home, auto,
outdoor, pet and more. We have an established and diverse group of
national and regional retailers, local merchants, manufacturers,
buying groups, industry associations and healthcare service
providers, which we refer to as our "partners." We connect
our partners and consumers through our dynamic financial ecosystem
and provide them with a diverse set of financing solutions and
innovative digital capabilities to address their specific needs and
deliver seamless, omnichannel experiences. We offer the right
financing products to the right customers in their channel of
choice. For more information, visit www.synchrony.com.
Contacts
Investor Relations:
Kathryn Miller
Synchrony
kathryn.miller@syf.com
(203) 585-6291
Media Relations:
Lisa Lanspery
Synchrony
lisa.lanspery@syf.com
(203) 585-6143
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SOURCE Synchrony