Providian Financial Corporation President and CEO Joseph Saunders announced today that the Company has retained Russell Reynolds to assist in identifying and recruiting a new chief financial officer.
In a memorandum to employees, Saunders announced today that Providian CFO Jim Rowe has decided to leave the Company to pursue other activities. He also announced that David J. Petrini has resigned his position as vice chairman and has agreed to serve as the Company’s chief financial officer on an acting basis pending the successful completion of the search.
Saunders expressed gratitude for the years of service that both Rowe and Petrini have given to the Company.
San Francisco-based Providian Financial is a leading provider of credit cards and deposit products to customers throughout the U.S.