Wachovia Names Davies President of Wachovia Mortgage Corp. CHARLOTTE, N.C., Oct. 27 /PRNewswire-FirstCall/ -- Wachovia Corporation today announced that C.D. Davies will succeed Debra Warren as president of Wachovia Mortgage Corp. Warren retired in May. (Photo: http://www.newscom.com/cgi-bin/prnh/20031027/CHM016 ) Davies, who is currently the chief operating officer for Wachovia Mortgage, has been with Wachovia for 15 years. He joined the company in 1988 and has held key leadership positions throughout the Wachovia franchise, most recently as the leader of Wholesale Lending and Secondary Marketing. Prior to joining Wachovia, Davies was a certified public accountant with PricewaterhouseCoopers. He is a graduate of Clemson University, where he earned a bachelor's degree in financial management. "We are fortunate to have an executive of C.D.'s caliber and background to lead Wachovia Mortgage Corp.," said Bob Burton, head of Wachovia's Retail Credit Businesses and Products. "C.D. combines a deep understanding of Wachovia with a knowledge of the mortgage industry that has developed throughout his career. As president of Wachovia Mortgage, C.D. will play a critical role in redefining our strategies and operating environment across all consumer lending." Wachovia Corporation (NYSE:WB) is one of the largest providers of financial services to retail, brokerage and corporate customers throughout the East Coast and the nation, with assets of $389 billion and stockholders' equity of $33 billion at Sept. 30, 2003. Its four core businesses, the General Bank, Capital Management, Wealth Management, and the Corporate and Investment Bank, serve 9 million households, including 900,000 businesses, primarily in 11 East Coast states and Washington, D.C. Its broker-dealer, Wachovia Securities, LLC, serves clients in 48 states. Global services are provided through more than 30 international offices. Online banking and brokerage products and services also are available through Wachovia.com. http://www.newscom.com/cgi-bin/prnh/20031027/CHM016 http://photoarchive.ap.org/ DATASOURCE: Wachovia Corporation CONTACT: media, Jennifer Darwin of Wachovia Corporation, +1-704-383-8149 Web site: http://www.wachovia.com/

Copyright