Company Names Three Seasoned Leaders to Critical Growth Roles

STAMFORD, Conn. – May 22, 2024 – Synchrony (NYSE: SYF), a consumer financial services company, today announced organizational changes to its executive leadership team, effective August 1, 2024. Maran Nalluswami will become EVP, Chief Strategy and Business Development Officer, succeeding Trish Mosconi, who will retire from the company, effective July 31, 2024. Courtney Gentleman will become EVP & CEO, Diversified & Value, and Darrell Owens will become EVP & CEO, Lifestyle.

Nalluswami will be responsible for managing Synchrony’s business development, long-term strategic planning, M&A, strategic partnerships and Synchrony Ventures, which supports investments in emerging technologies and products to accelerate Synchrony’s pace of innovation. Nalluswami is currently EVP & CEO, Diversified & Value and Lifestyle. He has served in commercial leadership roles at Synchrony for eight years, following an extensive career at GE Capital.

“Maran brings exceptional experience and an outstanding track record driving strategic growth for our partners and for Synchrony,” said Brian Doubles, President and Chief Executive Officer. “I’d like to thank Trish for the lasting impact she’s had on our people and driving growth and long term strategy for our business in a very dynamic environment. I wish her the very best in her next chapter.”

With Nalluswami’s transition to his new role, two seasoned Synchrony leaders will be promoted to its executive leadership team to lead two of the company’s business platforms.

In this elevated role, Gentleman will continue to lead Synchrony’s Diversified & Value (D&V) platform, responsible for driving continued growth for national and regional brands delivering everyday value. Gentleman brings two decades of experience and currently leads development and implementation of growth strategies for D&V partners.

In this elevated role, Owens will continue to lead Synchrony’s Lifestyle platform, responsible for creating continued value and consumer engagement for Synchrony partners in powersports, outdoor power equipment and other industries focused on lifestyle merchandise including sporting goods, clothing, jewelry and music. With more than 20 years of experience, Owens currently leads growth strategies in the Lifestyle portfolio.

“At Synchrony, we recognize and embrace our essential role to businesses and the economy. As we continue to deliver on our commitments to unlock value and innovation for our partners, we’re proud to expand the depth of commercial expertise around my leadership table,” said Doubles. “Courtney and Darrell both have deep roots at Synchrony and I’m proud of our bench strength as we continue our forward momentum.”

Nalluswami, Gentleman and Owens will report to Doubles in their new roles.

About Synchrony

Synchrony is a premier consumer financial services company delivering one of the industry’s most complete digitally enabled product suites. Our experience, expertise and scale encompass a broad spectrum of industries including digital, health and wellness, retail, telecommunications, home, auto, outdoor, pet and more. We have an established and diverse group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers, which we refer to as our “partners.” We connect our partners and consumers through our dynamic financial ecosystem and provide them with a diverse set of financing solutions and innovative digital capabilities to address their specific needs and deliver seamless, omnichannel experiences. We offer the right financing products to customers in their channel of choice. For more information, visit www.synchrony.com and Twitter: @Synchrony.