Wachovia Names New Credit Card President
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Wachovia
Names New Credit Card President
Wachovia Corp. today named Steven Boehm as the president of
their Wachovia Card Services division. This follows Wachovia’s
recent announcement that the company will terminate its joint
marketing agreement with MBNA and re-enter the credit card business
as a direct issuer this January.
Boehm
is a natural choice for Wachovia, having been the chief operating
officer for the company’s previous credit card business — which
started as First Union’s credit card portfolio before being
sold to MBNA following the merger of Wachovia and First Union.
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