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Alliance Data Announces Succession Timeline For Longtime Chief Financial Officer Charles Horn
In announcing his plans, Horn said, "I joined in 2009 with the goal of helping
"I want to thank Charles for his commitment to our company's success," said
Heffernan continued, "Our succession plan gives us the time and flexibility to find the right candidate while crystallizing the critical initiatives his successor will lead. In addition to his normal duties as CFO, I have asked Charles to focus on three priorities during his remaining tenure. First, ensuring that the internal recovery investment made at our Card Services business is completed and, thus, that our credit loss rate remains stable going into 2019. Next, assisting in the rapid reconfiguration of our credit card client portfolio toward nontraditional, fast-growing categories. And finally, leading strategic efforts to accelerate the growth rate of our non-card businesses."
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements give our expectations or forecasts of future events and can generally be identified by the use of words such as "believe," "expect," "anticipate," "estimate," "intend," "project," "plan," "likely," "may," "should" or other words or phrases of similar import. Similarly, statements that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. Examples of forward-looking statements include, but are not limited to, statements we make regarding our expected operating results, future economic conditions including currency exchange rates, future dividend declarations and the guidance we give with respect to our anticipated financial performance.
We believe that our expectations are based on reasonable assumptions. Forward-looking statements, however, are subject to a number of risks and uncertainties that could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this release, and no assurances can be given that our expectations will prove to have been correct. These risks and uncertainties include, but are not limited to, factors set forth in the Risk Factors section in our Annual Report on Form 10-K for the most recently ended fiscal year, which may be updated in Item 1A of, or elsewhere in, our Quarterly Reports on Form 10-Q filed for periods subsequent to such Form 10-K.
Our forward-looking statements speak only as of the date made, and we undertake no obligation, other than as required by applicable law, to update or revise any forward-looking statements, whether as a result of new information, subsequent events, anticipated or unanticipated circumstances or otherwise.
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