Capital One eliminating positions of Lousteau, Ridley
Capital One Bank's Baton Rouge Market President Steve Lousteau and Scott Ridley, group executive for retail and business banking in Greater Baton Rouge, have both been notified that their positions will be eliminated as of May 1, spokesman Steven Thorpe has confirmed to Daily Report. The position cuts are part of a larger restructuring effort by the bank that will lead to the elimination of about 30 positions across the country, Thorpe says. In total, six Capital One employees are losing their jobs in Louisiana, he says. Outside of Lousteau and Ridley, one other "support associate" position is being eliminated locally, Thorpe says. "We're making some changes in our retail and small business organization, and unfortunately that decision involves some role eliminations," Thorpe says. "This is a difficult decision and one our banking leaders do not take lightly, but Baton Rouge remains an incredibly attractive market for us." Thorpe says he has no further details on who will oversee the Baton Rouge market for Capital One going forward. He also confirms local Capital One executives Rob Stuart and Don Barnes are not affected by the restructuring. —Steve Sanoski
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