Wachovia's Risk Chief Latest to Exit

Wachovia Corp. announced the departure of its second high-profile executive in a week.

The company said late Thursday that Donald K. Truslow would retire as chief risk officer.

Mr. Truslow, 50, is to remain at the $812 billion-asset Charlotte banking company until a successor is chosen.

Last week the company said that Thomas Wurtz, 46, its chief financial officer, would resign once the company found a successor.

Mr. Wurtz's plan to leave was announced just days after the company said it lost $8.7 billion in the second quarter. It also comes after the ouster of G. Kennedy Thompson in June.

Wachovia's top risk management functions have attracted mounting scrutiny since the company's October 2006 purchase of Golden West Financial Corp., an Oakland thrift that specialized in adjustable-rate mortgages. The company has also gotten unwelcome attention from regulators on other issues.

Robert K. Steel, who succeeded Mr. Thompson three weeks ago, said in a press release that Mr. Truslow is "highly respected throughout the company and the industry for his strong leadership, his excellent collaboration, and his high ethical standards."

A company spokeswoman declined to comment further.

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