Synchrony’s Margaret Keane Announces Retirement
Margaret Keane, one of Connecticut’s most prominent female corporate leaders, has announced her retirement from Stamford-based Synchrony.
Keane, a former CEO of the financial services company, will retire as Synchrony’s executive chair on April 3, 2023.
Keane was named the company’s CEO in 2015 when the company separated from GE, and has served as executive chair of the board since 2021.
At the time, Keane was one of only a handful of female chief executives in banking.
During her leadership Synchrony grew to 170 on the Fortune 500 list.
Synchrony’s Digital Skills Academy, opened this past April, was created to honor Keane’s work building a diverse workforce, expanding opportunities, and advancing corporate responsibility.
Keane has received a number of accolades over the years, named one of Fortune’s most powerful women and one of American Bankers’ 2020 most powerful women in finance.
“Margaret’s leadership, dedication and contributions helped establish Synchrony as an essential financial services company—one that today is thriving, growing and living its values every day,” Synchrony president and CEO Brian Doubles said in a statement.
Doubles said Keane’s retirement was part of the long-term succession planning for a seamless transition of leadership.
Synchrony’s lead independent director and board member Jeffrey Naylor will succeed Keane as chair.
“During his tenure on our board, Jeff has been active in engaging our people and teams and willing to lend his counsel, insights and advice,” Doubles said.
“He has been a key partner and advisor as we continue to manage the company for the long-term.”
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