MCLEAN, Va., May 29 /PRNewswire-FirstCall/ -- Capital One Financial
Corporation (NYSE: COF) announced today that Laura Olle will assume the formal
title and responsibilities of Chief Enterprise Risk Officer for Capital One, a
new position that centralizes the executive management oversight of the
company's enterprise risk management activities. In this position Olle will
be responsible for independently monitoring, analyzing and reporting on key
corporate risk areas to include strategic, operations, legal and compliance
and managing regulatory relationships.
Olle will report directly to Capital One Vice Chairman Nigel Morris and
will be responsible for enterprise risk management strategy development and
implementation across the company. In taking on this new title, Olle will be
formalizing the role and duties she has performed since last year, serving as
Senior Vice President of Corporate Control and Governance. In this interim
role, Olle has been responsible for overseeing the company's enterprise risk
management program, including identifying and mitigating operational risk.
"Laura has been doing an exceptional job working to centralize our focus
on enterprise risk management and enhance the company's risk management
strategies," said Capital One Vice Chairman, Nigel Morris. "We've made
enormous progress in a relatively short period of time with Laura mobilizing
tremendous organizational energy around this critical area. We're pleased
with the progress we've made and extremely happy to have Laura continue
building on this solid foundation."
Olle joined Capital One in 1999, as Senior Vice President of Information
Technology Systems Development. In that role, Olle was responsible for the
development and support of the core credit card processing systems. In
addition, she was responsible for the IT support of all of Capital One's staff
departments, as well as the IT for all European operations, and managed
Enterprise Services development. Olle also spearheaded Capital One's "IT
Futures" effort to ensure the company stayed ahead of the technology curve.
Her team provided technical insight to senior executives on technologies that
were in development and determined how these technologies would be integrated
into the company's operation.
Prior to joining Capital One, Olle served as Senior Vice President,
Information Systems and Services, for nine years at Freddie Mac. She has also
held key IT positions at Marriott Corporation and worked as a management
consultant at Arthur Young and Company.
Olle graduated from State University of New York with an honors degree in
Psychology and subsequently received her MBA from the University of Nebraska.
She is a certified public accountant and completed the Stanford Executive
Program in 1998.
About Capital One
Headquartered in McLean, Virginia, Capital One Financial Corporation
(www.capitalone.com) is a holding company whose principal subsidiaries,
Capital One Bank and Capital One, F.S.B., offering consumer lending products.
Capital One's subsidiaries collectively had 46.4 million managed accounts and
$59.2 billion in managed loans outstanding as of March 31, 2003. Capital One,
a Fortune 500 company, is one of the largest providers of MasterCard and Visa
credit cards in the world. Capital One trades on the New York Stock Exchange
under the symbol "COF" and is included in the S&P 500 index.
SOURCE Capital One Financial Corporation
/CONTACT: Paul Paquin, V.P., Investor Relations, +1-703-720-2456, or
Tatiana Stead, Director, Corporate Media, +1-703-720-2352/
/Web site: http://www.capitalone.com/