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Wachovia Corporation Chairman is Boyles CEO Lecturer

BOONE–L .M. “Bud” Baker Jr., chairman of the board of Wachovia Corporation, will speak at the Harlan E. Boyles Distinguished CEO Lecture Series Monday, Oct. 8, at Appalachian State University. The event is sponsored by the Walker College of Business.

Baker’s 2 p.m. speech will be in the Broyhill Music Center’s Rosen Concert Hall. A reception will follow at 3:15 p.m. at the Broyhill Inn.

The lecture and the reception are open to the public. For information, call (828)262-2057.

Baker became chairman of the board of the new Wachovia Corporation created following the recent merger of Wachovia and First Union corporations. The merger produced the nation’s fourth largest financial holding company.

The new company, to be headquartered in Charlotte, has assets totaling $322 billion and does business at 2,900 branches in 12 East Coast states.

Baker began his 32-year career with Wachovia in 1969. He became manager of the International Department in 1974 and executive vice president in 1980. He was Wachovia’s chief credit officer from 1980 to 1990 and president and chief executive officer of Wachovia Bank of North Carolina from 1990 to 1993. He was named president and chief operating officer of the corporation in 1993, chief executive officer in 1994 and chairman in 1998.

A native of Lovettsville, Va., Baker received a master’s degree in business administration from the University of Virginia and a bachelor’s degree from the University of Richmond.

He served in the U.S. Marine Corps from 1964 to 1967, achieving the rank of captain.

Baker is a trustee of Novant Health and the Wake Forest University and Winston-Salem State University foundation boards. He also is chairman of the Winston-Salem Alliance and a member of the Federal Advisory Council of the Federal Reserve. He is a member of the North Carolina Business Council for Management and Development, the American Bankers Association Board, the American Bankers Council and the Financial Services Roundtable.

A longtime friend of the Walker College of Business, Baker first delivered the Boyles CEO Lecture in 1993 and since that time has been a strong supporter of the school, particularly of the college’s William R. Holland Fellows Program for Business Study in Asia.

Also attending this fall’s activities will be the lecture series’ namesake, former state treasurer Harlan E. Boyles, North Carolina’s current treasurer Richard H. Moore and North Carolina’s bank commissioner Hal Lingerfelt. International visitors are Wang Shenghong, president of Fudan University in Shanghai, China, and Professor Huang Yongmin, director of Fudan’s foreign affairs office.

The Walker College of Business, through its sponsorship of the Harlan E. Boyles CEO Lecture Series, provides an opportunity for students, faculty and business people to meet outstanding business leaders.