Margaret Keane Synchrony Financial Breaks Barriers for Women in Finance

Margaret Keane was a trailblazer in the financial industry, breaking barriers for women in finance.

She joined Synchrony Financial in 2014, bringing with her a wealth of experience in the industry.

At Synchrony Financial, Keane held a senior leadership position, overseeing various aspects of the company's operations.

As a woman in a male-dominated field, Keane faced challenges, but her dedication and perseverance paved the way for others.

Margaret Keane's career is a testament to her hard work and dedication. She started as a telephone debt collector at CitiCorp in 1980.

Margaret climbed the ranks at CitiCorp over the next 16 years, eventually running their US retail operations. She then joined GE Capital.

In 1996, Margaret moved to GE and worked as Quality Leader for GE Capital's Vendor Financial Services (VFS) division. This was just the beginning of her impressive career at GE.

Margaret served as Chief Quality Leader of GECC from January 2000 until December 2001. She then joined GE Consumer Finance-Americas as Senior Vice President for Operations in 2002.

Margaret's leadership roles continued to grow, and she became CEO and President of GE's Retail Card platform for their North American retail finance business in June 2004. She was also named a GE Officer in 2005.

Here's a quick summary of Margaret's key roles:

Margaret's career is a shining example of what can be achieved with determination and hard work.

Margaret Keane, Executive Chair of the Board of Directors of Synchrony, announced her intention to retire effective April 3, 2023.

She has served as Executive Chair of the Board since April 2021 and was Synchrony's Chief Executive Officer since 2015.

Margaret's leadership helped establish Synchrony as an essential financial services company.

Brian Doubles, President and Chief Executive Officer, thanked Margaret for her contributions and dedication to the company.

Jeffrey Naylor will succeed Margaret and be named Chair of the Board of Directors.

Naylor has been a member of the Synchrony Board since 2014 and has extensive management and business expertise.

He has served on the boards of Dollar Tree and Wayfair, among other roles.

Synchrony's President and Chief Executive Officer, Brian Doubles, praised Naylor's experience and leadership, saying he has been a key partner and advisor to the company.

Jeffrey Naylor will focus on growing and diversifying Synchrony's business, delivering best-in-class customer experiences, and continuing to build on the company's great culture.

Margaret Keane is a trailblazer in the finance industry, and her achievements are truly inspiring. She's the CEO of Synchrony Financial, a company that's been expanding rapidly with over 30 new partnerships, including a notable one with Verizon.

Synchrony's digital transformation is also under Keane's guidance, with almost half of their credit applications now originating online or via mobile sources. This shift has led to a significant reduction in losses from fraud thanks to their new enterprisewide credit platform.

Keane's leadership has earned Synchrony a reputation as one of the country's best employers and corporate citizens. They were named one of Fortune's 100 Best Companies to Work For in 2020, and placed in the top 10% of companies on the Diversity Best Practices Inclusion Index.

Synchrony has also shown its commitment to supporting customers, communities, and employees during the COVID-19 outbreak. Their programs earned them the top ranking among financial firms, and they've pledged a $5 million donation to help small businesses recover from the pandemic.

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