SAN FRANCISCO, April 3 /PRNewswire-FirstCall/ -- Providian Chief Executive
Officer Joseph Saunders today announced the appointment of Anthony Vuoto as
the Company's new Chief Financial Officer. Vuoto will replace David J.
Petrini, who earlier this year announced his intention to step down following
the appointment of a successor. Petrini will remain on with Providian during
a transition period.
Vuoto brings nearly 20 years of experience as a senior credit card
executive. He joins Providian from Bank One Corporation, where he most
recently served as President and Chief Operating Officer of First USA Bank.
Prior to that, Vuoto was President of Bank One's Consumer Lending division.
"I look forward to joining Joe Saunders and his team to help re-establish
Providian as a preeminent provider of financial services," said Vuoto.
Mr. Vuoto has also held positions with Citigroup, including CFO of the
company's Europe/North America Card Group, and Financial Institutions and
Transaction Services Group, and Citicorp's U.S. Bankcard Division. He holds
an MBA from the Wharton School of Business and a Bachelor of Arts degree from
Princeton University.
In a memo to Providian employees, CEO Joe Saunders said, "I am excited
that Tony Vuoto has agreed to join Providian," noting his belief that Vuoto's
agreement to join the company "speaks volumes about our progress in
stabilizing Providian and our prospects for future success." Saunders also
expressed gratitude to David Petrini for his years of service to the company.
San Francisco-based Providian Financial (NYSE: PVN) is a leading provider
of credit cards and deposit products to customers throughout the United
States.
SOURCE Providian Financial Corp.
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Related links:
http://www.providian.com
CONTACT:
press, Alan Elias, +1-415-278-4189, or Laurel
Munson, +1-415-278-4770, or investors, Jack Carsky,
+1-415-278-4977, or Bill Horning, +1-415-278-4602, all of
Providian Financial Corp.
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