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Synchrony Financial chief commercial officer retiring

Glenn Marino, Synchrony Financial's chief commercial officer and executive vice president and CEO of the company's payment solutions sales platform, will retire effective Jan. 1, 2018.

He will keep working for the company through mid-2018 to assist in the transition to his successor. Marino joined General Electric Co., at that time the parent company of the business that would become Synchrony Financial, in 1996.

Neeraj Mehta will take over from Marino on Jan. 1, 2018. Currently, Mehta is executive vice president of business strategy and development, responsible for corporate strategy, payment innovation, strategic partnerships, Synchrony ventures and acquisitions.