Capital One Recognized for Leadership Development
Ranks Second Place in North America and Fifth Globally on FORTUNE
Magazine's "Global Top Companies for Leaders" List
MCLEAN, Va.--(BUSINESS WIRE)--Sept. 27, 2007--Capital One Financial Corporation (NYSE:COF) has been ranked second in North America and fifth globally by Hewitt Associates, a global human resources services company, and FORTUNE Magazine in their "Global Top Companies for Leaders" survey, reflecting Capital One's continued commitment to attracting and developing great leaders.
Sponsored by Hewitt Associates, in partnership with the RBL Group and FORTUNE magazine, the "Global Top Companies for Leaders" were selected and ranked based on criteria including leadership practices, company reputation, leadership culture, values and business performance. Capital One, among other things, earned accolades for its executive coaching and leadership development programs.
"At Capital One, our people are the source of our greatest competitive advantage, and leadership development has always been at the foundation of our success as a company," said Richard D. Fairbank, Capital One's Chairman and CEO. "From the beginning, we have obsessed about creating a culture where our leaders can live their values, challenge conventional wisdom, and take on new challenges which fuels their development. The success of our company is driven by attracting great people and giving them the opportunity to be great."
"From the outset, training and development have been a high priority for Capital One," said Matt Schuyler, Capital One's Chief Human Resources Officer. "Our focus on talent management and on-the-job learning through stretch assignments allows for our associates to challenge themselves to become great leaders."
Some of the programs that secured Capital One's second place ranking in North America and the number five position in the global ranking on the "Global Top Companies for Leaders" include its Leaders as Teachers program, Executive Speaker Series, Capital One University Leadership College, Leadership Development Program, Executive Coaching Program, and semi-annual Executive Talent Review.
About Capital One
Headquartered in McLean, Virginia, Capital One Financial Corporation (www.capitalone.com) is a financial holding company with 725 locations in New York, New Jersey, Connecticut, Texas and Louisiana. Its principal subsidiaries, Capital One Bank, Capital One Auto Finance, Inc., and Capital One, N.A., offer a broad spectrum of financial products and services to consumers, small businesses and commercial clients. Capital One's subsidiaries collectively had $85.7 billion in deposits and $144.2 billion in managed outstanding loans as of June 30, 2007. Capital One, a Fortune 500 company, trades on the New York Stock Exchange under the symbol "COF" and is included in the S&P 100 index.
About the Global Top Companies for Leaders Survey
The "Companies for Leaders" Study is based on approximately 550 global organizations with an average employee size of 27,000. Almost 70 percent of the participating companies had revenues of $500 million or more. Hewitt, the RBL Group and FORTUNE used a three-step screening process to identify the finalist companies. This included assessing survey responses, conducting in-depth interviews and analyzing financial performance in relation to the industry. This information was then provided to a panel of expert judges in each region to select and rank a 2007 Top Companies for Leaders List in Asia-Pacific, Europe, Latin America and North America. A separate judging panel, composed of one representative from each regional panel, considered the regional Top Companies to select and rank a Global Top Companies for Leaders List.
CONTACT: Capital One Financial Corporation, McLean Lahne Mattas-Curry, 703-720-2358 firstname.lastname@example.org SOURCE: Capital One Financial Corporation