Wachovia Names Dean Williams Chief Learning Officer

CHARLOTTE, N.C., May 26 /PRNewswire-FirstCall/ -- Wachovia Corporation announced today that Dean W. Williams has been named Chief Learning Officer.

Williams will be responsible for leading the development of a unified learning strategy for Wachovia, the design and delivery of enterprise-wide learning programs, and all training in support of mergers and acquisitions.

"Personal and professional development is extremely important to our employees, and by integrating our learning efforts under Dean's experienced leadership we are reinforcing our commitment to learning opportunities at every level of our organization," says Sharon Smart, Executive Vice President, Human Resources. "Dean and his team will support current learning efforts and develop additional processes, programs and infrastructure that offer a robust learning experience for all Wachovia employees."

Since joining Wachovia in 1996, Williams has held leadership roles in training design and delivery, and served as an HR business partner with responsibility for supporting clients on organizational development, employee relations, recruiting, compensation, and executive coaching. Most recently, he led the combined training teams supporting Wachovia's Operations, Technology & eCommerce, Human Resources & Corporate Relations, Risk, Legal, Finance and Audit divisions.

Wachovia Corporation is one of the largest providers of financial services to retail, brokerage and corporate customers, with retail operations from Connecticut to Florida and west to Texas, and retail brokerage operations nationwide. Wachovia had assets of $506.8 billion, market capitalization of $80.3 billion and stockholders' equity of $46.5 billion at March 31, 2005. Its four core businesses, the General Bank, Capital Management, Wealth Management, and the Corporate and Investment Bank, serve 13 million household and business relationships primarily through 3,277 offices in 15 states and Washington, D.C. Its full-service retail brokerage firm, Wachovia Securities, LLC, also serves clients through 693 offices in 49 states and five Latin American countries. The Corporate and Investment Bank serves clients primarily in 10 key industry sectors nationwide. Global services are offered through 33 international offices. Online banking and brokerage products and services also are available through wachovia.com.