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.

May 18, 2022 Charlie Scharf | Paul Ricci | wells fargo Ian Koplin

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.

January 19, 2022 Charlie Scharf | Derek Flowers | Mandy Norton | wells fargo Ian Koplin

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.

August 11, 2021 Charles H. Noski | Charlie Scharf | Steven D. Black | Wayne M. Hewett | wells fargo Ian Koplin

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.

July 12, 2021 Bei Ling | Charlie Scharf | wells fargo Ian Koplin

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.

April 16, 2021 Charlie Scharf | David Galloreese | Kleber Santos | wells fargo Ian Koplin

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.

November 3, 2020 Charlie Scharf | Kleber Santos | wells fargo Ellie Delany

Wells Fargo CEO Scharf Sends Company Message Regarding Diversity and Inclusion

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.

September 24, 2020 Ather Williams III | Charlie Scharf | Gigi Dixon | Kristy Fercho | Lester Owens | wells fargo Rita Garwood

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.

July 22, 2020 Charlie Scharf | John Shrewsberry | Mike Santomassimo | wells fargo Phil Neuffer

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.

July 21, 2020 Ather Williams III | Charlie Scharf | wells fargo Phil Neuffer

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 $2.9 billion in Q1/19. Revenue of $17.7 billion was down 18% from $21.6 billion year over year.

April 15, 2020 Charlie Scharf | COVID-19 | wells fargo Phil Neuffer