Lewis Hay III and Mayo A. Shattuck III Join Capital One Board of Directors
28 October 2003 - 10:31AM
PR Newswire (US)
Lewis Hay III and Mayo A. Shattuck III Join Capital One Board of
Directors Experienced Business Leaders Fill Two Newly Created Seats
as Independent, Outside Directors on the Capital One Board MCLEAN,
Va., Oct. 27 /PRNewswire-FirstCall/ -- Capital One Financial
Corporation today announced that Lewis Hay III, Chairman, President
and Chief Executive Officer of FPL Group, Inc. , and Mayo A.
Shattuck III, Chairman, President and Chief Executive Officer of
Constellation Energy Group have been appointed to the company's
Board of Directors. Hay and Shattuck will fill two newly created
seats on the Board and will be submitted to Capital One
stockholders in April for re- election. "We are delighted and
honored to have the experience and business acumen that Lew and
Mayo offer to our Board," said Richard D. Fairbank, Chairman and
Chief Executive Officer of Capital One. "Both Lew and Mayo bring
strong backgrounds in strategy, finance and operations and the
perspective of a sitting Chief Executive Officer of a Fortune 500
company. They will be a tremendous asset to our board and our
management team." Hay became chairman of FPL Group in 2002,
following his appointment as president and CEO in June 2001. He
joined FPL Group in 1999 as chief financial officer and was
promoted to president of FPL Energy in March 2000. FPL Group is one
of the nation's largest electric companies and is the parent of
Florida Power & Light Company, which serves 8 million people in
Florida. Its wholesale power generation business, FPL Energy,
operates power plants in more than 20 states. Before joining FPL
Group, Hay was executive vice president and CFO of U.S.
Foodservice, where he helped build the company from $1 billion in
sales in 1991 to more than $6 billion in sales in 1999. Prior to
that, he was partner and senior vice president at Mercer Management
Consulting where he led the firm's Washington, D.C.-based strategy
practice, assisting Fortune 100 companies in developing business
strategies and execution plans. Hay serves on the board of
directors of Harris Corporation and the Institute of Nuclear Power
Operations (INPO), which encompasses all U.S. commercial nuclear
operating organizations. He is a member of the Business Board of
Advisors at Carnegie Mellon University's Graduate School of
Industrial Administration, a trustee of the Benjamin School and a
member of the Florida Council of 100. Shattuck was appointed
President and Chief Executive Officer of Constellation Energy Group
in 2001 and was appointed Chairman of the Board in July 2002. Prior
to joining Constellation Energy, Shattuck was with Deutsche Bank
where he served as Chairman of the Board of Deutsche Banc Alex.
Brown and Global Head of the Investment Banking Division. Shattuck
also serves as a Director of Constellation Energy Group, Inc. and
Gap Inc. He is formerly a member of the Board of Directors of
Deutsche Bank's U.S. Bank boards, which are Deutsche Bank Trust
Corporation and Deutsche Bank Trust Company Americas. About Capital
One Headquartered in McLean, Virginia, Capital One Financial
Corporation (http://www.capitalone.com/) is a holding company whose
principal subsidiaries, Capital One Bank and Capital One, F.S.B.,
offer consumer lending products and Capital One Auto Finance, Inc.,
which offers auto loan products. Capital One's subsidiaries
collectively had 46.4 million managed accounts and $67.3 billion in
managed loans outstanding as of September 30, 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. DATASOURCE: 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, both of
Capital One Financial Corporation Web site:
http://www.capitalone.com/
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