2001 FIRST UNION AND WACHOVIA MERGER PRESS RELEASES

Wachovia Media Contact:   Jay E. Reed (336) 732-5855 October 16, 2001 WACHOVIA ANNOUNCES ADDITIONAL LEADERSHIP MEMBERS FOR THE COMBINED COMPANY CHARLOTTE, N.C. - Wachovia Corporation (NYSE: WB) today announced three remaining leadership team members for the company, which was created through the Sept. 1 merger of First Union and Wachovia. Bill Dawson, Bill Langley and Ann Prock are in addition to 105 leaders previously announced Aug. 28 who report to Wachovia’s Operating Committee, which is comprised of 13 executives directly reporting to either the company’s chairman, Bud Baker, or president and chief executive officer, Ken Thompson. Dawson has been named as chief risk officer for Capital and Wealth Management; Langley has been named as chief compliance officer for Wachovia Corporation; and Prock has been named as director of General Services and Operations. Dawson and Langley will report to Don Truslow, chief risk officer for Wachovia Corporation, and Prock will report to Bob Kelly, chief financial officer for Wachovia Corporation. Dawson has nearly 30 years experience in business development, credit policy and risk management, including 22 years with Mellon Bank and Mellon Trust. He joins Wachovia from U.S. Trust Company, where he was managing director and chief risk officer. Langley joined Wachovia in 1972, and has been general auditor for Wachovia Corporation since 1990 and Wachovia Bank, N.A. since 1987. Prock, with more than 20 years of financial services experience, joined Wachovia in 2000 as eBusiness director for Corporate Financial Services. Previously, Prock was with Key Bank, where she held a number of strategic positions, including chief administrative officer for Key Services, Enterprise Systems Development manager, and manager of technology, operations and customer service functions for Key’s eCommerce start-up. Wachovia Corporation, created through the September 1, 2001, merger of First Union and Wachovia with pro forma assets of $322 billion as of June 30, is a leading provider of financial services to 19 million retail and corporate customers throughout the East Coast and the nation. The company operates full-service banking offices under the First Union and Wachovia names in 11 East Coast states and Washington, D.C., and offers full-service brokerage with offices in 47 states and global services through more than 30 international offices. Email This Page     Printer Friendly Version