Dec 11, 2019 / 02:20PM GMT
Ryan Matthew Nash - Goldman Sachs Group Inc., Research Division - MD
We're just waiting for one person. He's here now. So we're going to get started. Once again, we are happy to have Alliance Data Systems joining us. It's been a busy year for ADS as it's continued its transformation towards becoming a card-centric company. As it's exited its Epsilon business, it's been through several management changes. However, at its core, ADS continues to be a provider, a leading provider of private-label credit cards to retailers with an incredibly high return on equity.
Here to tell us about their plans is Chief Financial Officer, Tim King. Today's presentation is going to be fireside chat.
Questions and Answers:
Ryan Matthew Nash - Goldman Sachs Group Inc., Research Division - MDSo I'm going to start off, Tim, the company has undergone a significant amount of change over the past 18 months, including the sale of Epsilon, the pruning of several underperforming partnerships, and of course, we've now had 2 CEO changes. Can you just give us an update as to