Eighteen months after Hibernia Corp. recruited a top executive from Huntington Bancshares to develop retail strategy, the New Orleans-based bank is reorganizing and replacing him.

Richard L. "Ike" Stage said in an interview that his departure last week was a mutual decision. His responsibilities, which included oversight of product development and product management, small-business, ATMs, and management of Hibernia's metropolitan New Orleans branches, will be divided among Randall E. Howard and two others.

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