FALLS CHURCH, Va., Jan. 15 /PRNewswire-FirstCall/ -- Thomas E. Emerson is
joining Capital One Corporation (NYSE: COF) as Senior Vice President and Chief
Auditor, effective January 15. Previously, Emerson was Executive Vice
President and General Auditor at Wells Fargo & Company. Emerson will report
to the Audit Committee of Capital One's Board of Directors and report
administratively to John G. Finneran, Capital One's Executive Vice President,
General Counsel and Corporate Secretary, and he will be responsible for both
the global audit and security functions of the company.
Dale Bateman, currently Capital One's General Auditor, will move into a
new audit-related function at Capital One.
"We are pleased to welcome a veteran banker with such deep, global audit
experience as Tom Emerson," said Finneran. "Dale has created a solid internal
audit function on which Tom will build. Tom will apply his experience at
large, diversified financial institutions toward shaping our audit and
security infrastructure in a way that will support Capital One's future
"This is another milestone in our journey toward achieving world class
risk management and controls and corporate governance practices at Capital
One," Finneran added.
Emerson's entire thirty-year career in banking has been devoted to
performing audit roles of steadily increasing responsibility. During this
time he gained wide experience in meeting the challenge of integrating audit
and risk management into the leadership agendas and governance cultures of his
former organizations. Prior to Wells Fargo, he was executive vice president,
chief auditor and chief examiner for Norwest Corporation, which he joined in
1986. Emerson was recruited to Norwest from Bank of America, which he joined
in 1970, where he was Vice President and Deputy Chief Auditor for the World
Banking Audit Division. Emerson's experience includes international positions
in both Latin America and the Pacific Rim, and he holds a bachelor's degree in
business administration from the University of Phoenix.
Throughout his career, Emerson has been active in the Institute of
Internal Auditors, the American Bankers Association, and the Association of
Certified Fraud Examiner.
SOURCE Capital One Financial Corporation
CONTACT: Tatiana Stead, Dir. of Corporate Media of Capital One