Summary
This 8-K filing from Capital One Financial Corporation (COF) reports a key executive change within its finance department. Susan McFarland is resigning as Executive Vice President, Finance and Principal Accounting Officer, with her departure effective July 8, 2011. This transition marks a shift in the company's principal accounting oversight. To fill the role of Principal Accounting Officer, R. Scott Blackley has been appointed, effective July 9, 2011. Mr. Blackley will assume this new responsibility while continuing in his current capacity as Senior Vice President and Controller, a position he has held since joining Capital One in March 2011. Investors should note Mr. Blackley's prior extensive experience, including significant financial leadership roles at Fannie Mae and previous positions at America Online, KPMG, and the SEC.
Key Highlights
- 1Susan McFarland resigns as Executive Vice President, Finance and Principal Accounting Officer, effective July 8, 2011.
- 2R. Scott Blackley appointed as Principal Accounting Officer, effective July 9, 2011.
- 3Mr. Blackley will continue to hold his role as Senior Vice President and Controller.
- 4Mr. Blackley joined Capital One in March 2011.
- 5Prior to Capital One, Mr. Blackley served in executive roles at Fannie Mae for six years, most recently as Senior Vice President and CFO of the Capital Markets Group.
- 6Mr. Blackley's previous experience includes leadership roles at America Online, KPMG, and the U.S. Securities and Exchange Commission.