SAN FRANCISCO, Oct. 24 /PRNewswire-FirstCall/ -- Providian Financial
Corporation (NYSE: PVN) today announced the addition of Francesca Ruiz de
Luzuriaga and Jane A. Truelove to its Board of Directors.
Ms. de Luzuriaga, currently a business development consultant in southern
California, previously spent eighteen years working for Mattel, Incorporated,
including serving in a variety of senior management positions, including
Controller, Chief Financial Officer and, from 1999 to 2000, Chief Operating
Officer of Mattel Interactive. Prior to her tenure with Mattel, de Luzuriaga
spent four years with the Xerox Corporation. Ms. de Luzuriaga also currently
serves as a member of the board at Boise Cascade Corporation.
Ms. Truelove currently serves as the Development Chair of the Board of
Governors for New Hampshire Public Television. From July 2001 until July
2002, she was the Chair of the Board of Governors. Previous to that,
Ms. Truelove held senior positions for financial companies, including from
1990-1999 for FMR Corporation (Senior Vice President and Regional General
Manager for Fidelity Investments), and spent seven years at the Bank of
New England (Senior Vice President of Corporate Training and Compensation).
She has also held positions at Union Carbide Corporation, Yale University,
Manus Associates, and Cole Surveys, Inc., a subsidiary of Wyatt Co.
"I'm extremely pleased that these two prominent individuals are joining
our board. I believe it's a further reflection of the progress we are making
to build the new Providian," said Providian Chairman and CEO Joseph Saunders."
Mr. Saunders also announced today that Leonard Schaeffer is stepping down
from the Providian Board. "On behalf of the Board, I want to thank
Mr. Schaeffer for his leadership -- especially during our restructuring," said
Saunders.
About Providian
San Francisco-based Providian Financial is a leading provider of credit
cards and deposit products to customers throughout the U.S. By combining
experience, analysis, technology and outstanding customer service, Providian
seeks to build long-lasting relationships with its customers by providing
products and services that meet their evolving financial needs. One of
America's largest bankcard issuers, Providian has approximately $20 billion in
managed receivables and 13 million customer accounts.
SOURCE Providian Financial Corporation
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Related links:
http://www.providian.com
CONTACT:
media, Laurel Munson, +1-415-278-4770, or
Alan Elias, +1-415-278-4189, or investors, Jack Carsky,
+1-415-278-4977, or Bill Horning, +1-415-278-4602, all of
Providian Financial Corporation
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