Wells Fargo Names Fercho Head of DSRI
Wells Fargo named Kristy Fercho head of diverse segments, representation and inclusion. Fercho will succeed Kleber Santos, Wells Fargo’s current CEO of consumer lending.
Wells Fargo named Kristy Fercho head of diverse segments, representation and inclusion. Fercho will succeed Kleber Santos, Wells Fargo’s current 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.
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.
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.
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.
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.
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.
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.
CEO of Wells Fargo, Charlie Scharf, sent a company-wide message to all employees regarding previous comments made referencing diverse talent in June’s “Our commitment to change” memo.
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.