Discover Financial Services names former Chicago Fed chief to board

RIVERWOODS -- Discover Financial Services today announced the addition of Michael H. Moskow, former president and chief executive officer of the Federal Reserve Bank of Chicago, to the company's board of directors.

"Michael has extensive knowledge and insight from both his public- and private-sector experience that should prove invaluable to us," Discover CEO David W. Nelms, who also serves on the board, said in a statement.

Moskow retired as CEO of the Federal Reserve Bank of Chicago in 2007, where he had served since 1994. Before that appointment, he served as a faculty member of the J.L. Kellogg Graduate School of Management at Northwestern University. And before that, Moskow was a deputy U.S. trade representative with the rank of ambassador, following his appointment by President George H. Bush in 1991.

From 1977 to 1991, he worked for Esmark, Northwest Industries, Dart and Kraft, and Premark International. 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.

During the course of his career, Moskow was confirmed by the Senate for five U.S. government positions. He began his career teaching economics, labor relations and management at Temple University, Lafayette College and Drexel University.

Discover Financial Services, based in Riverwoods, operates the Discover Card, the Discover Network, and the Goldfish credit card business in the United Kingdom. Discover also operates the PULSE ATM/debit network.