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Synchrony Financial Appoints Dan Colao to Board of Directors
Slice of Finance Team
23 Sep
Key Highlights:
Dan Colao, former GE Capital CFO, re-joins Synchrony's Board of Directors.
Colao brings over 30 years of financial services experience to Synchrony's leadership.
Previously served on Synchrony’s Board from February 2014 to November 2015.
Appointment expands the Board to 11 members, strengthening governance.
Synchrony continues to focus on its values-based culture and strategic growth.
Source: PR Newswire
Notable Quotes:
"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."
"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."
Our Take:
Dan Colao's re-appointment to Synchrony's Board of Directors highlights the company’s commitment to bolstering its leadership amid challenging economic conditions. With his deep financial acumen, honed during a successful tenure at GE Capital, Colao is positioned to contribute significantly to Synchrony's strategic initiatives. His prior experience with the company ensures a seamless integration, providing valuable continuity as Synchrony navigates an evolving regulatory landscape and continues its digital transformation. This appointment underscores the company's focus on governance and long-term growth.