Charlie Scharf Related Content

Wells Fargo Appoints Santos CEO of Consumer Lending

Wells Fargo appointed Kleber Santos CEO of consumer lending, effective immediately. Santos will lead all aspects of Wells Fargo’s consumer lending business, including home lending, auto, credit cards and merchant services and personal lending. read more

Wells Fargo Promotes Ricci to Chief Auditor

Wells Fargo promoted Paul Ricci to chief auditor, effective immediately. Ricci joined Wells Fargo in December 2019 as the chief audit director of corporate risk and capital management. read more

Wells Fargo Appoints Flowers Chief Risk Officer

Wells Fargo appointed Derek Flowers chief risk officer. Flowers will lead all aspects of Wells Fargo’s independent risk management function, including compliance risk management. read more

Noski to Retire as Chairman of Wells Fargo’s Board, Black Chosen as Successor

Charles H. Noski will retire as chairman and a member of Wells Fargo’s board of directors on Sept. 30. To replace Noski, Wells Fargo’s board elected Steven D. Black as chairman, effective immediately. read more

Wells Fargo Names Ling Head of Human Resources

Bei Ling will join Wells Fargo on Oct. 1 as head of human resources. She will report to Charlie Scharf, CEO of Wells Fargo, and serve on the company’s operating committee. Ling previously worked for JPMorgan Chase, PNC and Merrill Lynch. read more

Santos Named Interim Head of Human Resources at Wells Fargo as Galloreese Exits

David Galloreese, head of human resources at Wells Fargo, will leave the company on April 23. Kleber Santos, head of diverse segments, representation and inclusion and a member of the operating committee for Wells Fargo, will take on the role on an interim basis. read more

Wells Fargo Names Santos Head of Diverse Segments, Representation and Inclusion

Kleber Santos will join Wells Fargo on Nov. 9 as head of the newly created diverse segments, representation and inclusion group to elevate the company’s internal and external diversity efforts. He will report to CEO Charlie Scharf and serve on the company’s operating committee. read more

Wells Fargo Appoints Santomassimo CFO, Shrewsberry to Retire

Mike Santomassimo will join Wells Fargo in fall 2020 as CFO. Santomassimo will report to Charlie Scharf, CEO of Wells Fargo, and serve on the company’s operating committee. Santomassimo will succeed John Shrewsberry, who plans to retire. read more

Wells Fargo Names Williams III Head of Strategy, Digital and Innovation

Ather Williams III will join Wells Fargo in October 2020 as head of strategy, digital and innovation. Williams will join Wells Fargo from Bank of America, where he worked for nine years and most recently served as head of business banking. read more

Wells Fargo Launches $400MM Small Business Recovery Effort

Wells Fargo unveiled details of an approximately $400 million effort to help small businesses impacted by the ongoing COVID-19 pandemic remain open, retain employees and rebuild. read more

Wells Fargo Q1/20 Net Income Down 88.9%, Revenue Down 18% Y/Y

Wells Fargo reported Q1/20 net income of $653 million, down 88.9% from net income of $5.9 billion in Q1/19. Revenue of $17.7 billion was down 18% from $21.6 billion year over year. read more

Wells Fargo Reaches Lending Capacity Under Paycheck Protection Program

Wells Fargo announced it is targeting to distribute a total of $10 billion to small business customers under the requirements of the PPP and will focus on serving two segments of its customer population: nonprofits and small businesses with fewer than 50 employees. read more

Wells Fargo Attributes 2019 Losses of $1.9B to Ongoing Litigation

Wells Fargo reported 2019 net income of $19.55 billion, down from $22.39 billion in 2018. Revenue was $85.1 billion, down from $86.4 billion a year earlier. read more

Former Santander USA CEO Joins Wells Fargo as COO

Wells Fargo named Scott Powell its new chief operating office. He will serve on the company’s Operating Committee and report directly to CEO and President Charlie Scharf. read more

Fisher to Join Wells Fargo, Modjtabai to Retire from PVSI Group

Ray Fisher will become the head of Wells Fargo’s Cards, Retail and Merchant Services group. In March 2020, Avid Modjtabai will retire from the bank’s PVSI group. read more

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