Wells Fargo named Mary Katherine DuBose the head of the bank’s secured lending division, which includes asset-based lending, equipment finance, supply chain finance and inventory finance. Previously, DuBose was Wells Fargo’s chief credit officer.
Wells Fargo promoted Kristin Lesher, a 21-year veteran of the company, to lead middle market banking. Lesher previously led middle market operations across 19 states, Washington, D.C., and eastern Canada as head of the east region for the company.
Perry Pelos will retire from Wells Fargo in April 2022 and Kyle Hranicky, head of Middle Market Banking, will succeed him as CEO of its Commercial Banking segment, effective immediately. Hranicky will report to CEO Charlie Scharf and serve on the company’s Operating Committee.
Wells Fargo Corporate Banking has launched an Industrials Group to offer capital solutions, financing expertise and traditional banking products to customers in this sector. Lisa McGeough, formerly head of Wells Fargo Securities for Europe, Middle East and Africa, will lead the team.