Company announces election of new directors, appointment of new board chairman, and departure of three directors as part of ongoing board refreshment plan
Alliance Data Systems Corporation, a leading global provider of data-driven marketing, loyalty and payment solutions, announced changes to its board of directors. These include the election of new board members John C. Gerspach, Jr. and Rajesh “Nat” Natarajan, as well as the appointment of long-standing director Roger H. Ballou as board chair. The changes were announced at the Company’s Annual Meeting of Stockholders, held yesterday. Long-time directors Bruce K. Anderson, Kenneth R. Jensen and former chairman Robert A. Minicucci completed their board service and did not stand for re-election.
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“As part of Alliance Data’s ongoing board refreshment plan, the board is purposefully and continually committed to aligning its composition to reflect the needs of our evolving business and expectations of our stakeholders,” said Ralph Andretta, president and chief executive officer of Alliance Data. “I am pleased with the progress we have made to diversify our board across various criteria including critical skills, expertise, industry experience, gender and ethnicity, and tenure — all of which form the underpinnings of solid board representation necessary for effective and responsible corporate governance and oversight of our business.
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“To that end, I am excited to welcome Mr. Gerspach and Mr. Natarajan to our board of directors, as each brings tremendous skills, experience and expertise that align with Alliance Data’s evolved business, complementing the breadth of competencies and perspectives of our returning directors.” Andretta concluded, “I enthusiastically welcome and look forward to working with Nat and John, as well as continuing to work with long-time director and newly-appointed board chair Roger Ballou, and the rest of the independent directors as we continue to provide oversight and stewardship of the Company’s transformation and future-focused business strategy.”
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