Capital One Financial Corp. President Lynn Carter is stepping down at the end of the year, according to a filing with the Securities and Exchange Commission Tuesday.
Carter, known as Lynn Pike until she was recently married, was responsible for the McLean, Va., bank's integration of Chevy Chase Bank, which Capital One acquired in 2009. She joined Capital One in April 2007 as chief operating officer and was named president in August of that year.
Capital One said in the filing that, with Carter's departure, it is restructuring its senior management team. Michael Slocum, the executive vice president of commercial banking and president of the New York state market for Capital One Bank, will take over as head of commercial banking, and Jonathan Witter, an executive vice president of retail operations, will be become president of retail banking. Both will begin their new jobs on Sept. 1, reporting directly to CEO Richard Fairbank.
Capital One said Carter will stay on in advisory role through March 31, 2012.