CHARLOTTE, N.C., July 31 /PRNewswire-FirstCall/ -- Wachovia announced
today that Chief Risk Officer Donald K. Truslow plans to retire once a
successor is named to the role. The company will begin an immediate search
for a replacement.
"I want to thank Don for his many years of dedicated and tireless
service to Wachovia," said Robert K. Steel, President and CEO of Wachovia.
"Don is highly respected throughout the company and the industry for his
strong leadership, his excellent collaboration and his high ethical
standards. We are grateful for his many contributions to the company."
Truslow added, "It has been a privilege to serve as Chief Risk Officer
for Wachovia and to work with such outstanding colleagues. Wachovia is an
excellent company with strong core businesses and an outstanding franchise.
In the short time I have worked with Bob Steel, I have come to admire him,
and I know that his strong leadership will serve the company well."
Truslow joined legacy Wachovia in 1980 and has held a number of
leadership positions in Finance, Risk Management and Corporate Banking. He
served as Treasurer and Comptroller before becoming Chief Risk Officer in
2000.
Truslow has been active in the community in several volunteer
leadership capacities including Director of the Federal Reserve Bank of
Richmond, Charlotte Branch; Member of the Board of Visitors, Babcock
Graduate School of Management, Wake Forest University; and Chairman of the
Board, Charlotte-Mecklenburg Arts & Science Council.
About Wachovia
Wachovia Corporation (NYSE: WB) is one of the nation's largest
diversified financial services companies, with assets of $812.4 billion and
market capitalization of $33.5 billion at June 30, 2008. Wachovia provides
a broad range of retail banking and brokerage, asset and wealth management,
and corporate and investment banking products and services to customers
through 3,300 retail financial centers in 21 states from Connecticut to
Florida and west to Texas and California, and nationwide retail brokerage,
mortgage lending and auto finance businesses. Globally, clients are served
in selected corporate and institutional sectors and through more than 40
international offices. Our retail brokerage operations under the Wachovia
Securities brand name manage more than $1.1 trillion in client assets
through 14,600 financial advisors in 1,500 offices nationwide. Online
banking is available at http://www.wachovia.com ; online brokerage products
and services at http://www.wachoviasec.com ; and investment products and
services at http://www.evergreeninvestments.com .
SOURCE Wachovia Corporation
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Related links:
http://www.wachovia.com
http://www.wachoviasec.com
http://www.evergreeninvestments.com
CONTACT:
Media Contact: Christy Phillips-Brown,
+1-704-383-8178, Investor Contacts: Alice Lehman,
+1-704-374-4139, or Ellen Taylor, +1-212-214-1904, all of
Wachovia Corporation
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