Wells Fargo announced that James Dore was promoted to chief credit officer of its Equipment Finance group. Effective immediately, he succeeds Andrew Rupprecht, who retired in September after 23 years with the company.

Based in Boston, Dore most recently served as chief administrative officer for Wells Fargo Equipment Finance, where he supported growth strategies and oversaw business risk administration and operations functions. In his new role, Dore will be responsible for managing all aspects of equipment finance credit.

“Jim’s extensive experience in the industry has positioned him well for the chief credit officer role,” said Dominic O’Hagan, group senior credit officer for Wells Fargo Commercial Credit. “He has a profound understanding of the business and strong risk-management skills, which will benefit both our customers and the company.”

With more than 25 years of experience in the industry, Dore has served in various management positions at Wells Fargo, including head of Retail Finance and Commercial Services within Wells Fargo Capital Finance. In addition, he was the managing director of portfolio and underwriting for Retail Finance, as well as the executive vice president and division manager. Prior to joining the bank, Dore worked at GE Capital and Bank of America.