(Bloomberg) -- Discover Financial Services said Thomas Maheras will serve as its chairman after the death of Lawrence Weinbach.
Weinbach, 80, died unexpectedly on Friday, the Riverwoods, Illinois-based company said in a statement. He had been the firm's independent chairman since January 2019. Weinbach, the former chief executive officer of Unisys Corp., also was chairman of food distributor Great Western Products Holdings and a managing director of the private equity firm Yankee Hill Capital Management.
“I benefited greatly from Larry's steady guidance and stewardship, and I am grateful for having had the opportunity to work so closely with him,” Discover CEO Roger Hochschild said in the statement.
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Maheras, 57, joined Discover's board in 2008. He is also an executive at the investment-advisory firms Tegean Capital Management and Iron Park Capital Management. He previously was co-CEO of Citigroup Inc.'s investment-banking division.
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