Abbey Reports Executive Shuffle

The United Kingdom's Abbey National has reported that two executives are leaving the company and another will take on responsibility for an additional unit as a result of a reorganization related to its acquisition by Spain's Banco Santander Central Hispano.Abbey, which has named Grupo Santander chief financial officer Francisco Gomez-Roldan as its new chief executive, plans to merge its information technology and customer operations divisions into a new manufacturing division and plans to combine its insurance and asset management divisions into a new unit that will be headed by a staff member yet to be recruited. The IT director, whose position has been "made redundant" by the reorganization, will leave the company, and the customer sales director also plans to leave, Abbey reported. The current customer operations director, Tony Wyatt, is slated to head the new manufacturing division.