Kennedy Thompson (that would be the same Ken Thompson who ran Wachovia into the ground).

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Chairman Ray Lane will give up that role, but remain on the board, while fellow directors Ken Thompson and John Hammergren will depart.

FORBES: Ray Lane Cedes Hewlett-Packard Chairmanship, Will Stay On Board

Wachovia (nyse: WB - news - people ) Chief Executive Ken Thompson is quietly beefing up his investment bank's management.

FORBES

Wachovia, under its former CEO, Ken Thompson, tried to build itself into a universal bank, a business model common in Europe but rare in America.

FORBES: Wachovia Steels Itself For Uncertain Future