Thomas R. Nides, vice chairman of Wells Fargo, will leave the company to return his attention to events in the Middle East. Nides joined Wells Fargo in September after retiring in July as U.S. ambassador to Israel, a post he had held since 2021.
Centerbridge Partners and Wells Fargo entered into a strategic relationship focused on direct lending to non-sponsor North American middle market companies.
Thomas R. Nides will join Wells Fargo & Company in October as vice chairman, reporting to CEO Charlie Scharf and joining the company’s operating committee.
William M. Daley, vice chairman of public affairs of Wells Fargo, will retire at the end of the year. Daley joined Wells Fargo in 2019 from BNY Mellon to lead public affairs and is also the former chief of staff for President Barack Obama.
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.