Wells Fargo Appoints Kleber Santos as Chief Executive Officer of Consumer Lending
July 11 2022 - 1:00PM
Business Wire
Santos has served as the company’s head of Diverse Segments,
Representation and Inclusion since November 2020
Wells Fargo announced today that Kleber Santos has been
appointed the company’s 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.
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Kleber Santos, CEO of Consumer Lending
(Photo: Wells Fargo)
Santos has served as the company’s head of Diverse Segments,
Representation and Inclusion (DSRI) since November 2020, reporting
to CEO Charlie Scharf. Santos succeeds Mike Weinbach, who joined
the company in April 2020 to lead Consumer Lending soon after it
was launched as its own line of business at Wells Fargo. Santos
will continue to report to Scharf in his new role and will continue
to serve as a member of the company’s Operating Committee. He will
also continue as head of DSRI while the company conducts a search
for a permanent replacement.
“Kleber is a proven leader, having built our DSRI function over
the past two years, and having driven significant outcomes in both
representation and inclusion,” said Scharf. “In addition to his
leadership experience at Wells Fargo, he brings significant
consumer lending and retail banking expertise to his new role. I’m
confident that his capabilities and his drive will help us continue
to strengthen Consumer Lending and prepare it for future
growth.”
Santos joined Wells Fargo from Capital One, where he worked for
15 years in a number of senior roles, including as president of
Retail and Direct Banking, accountable for the division’s revenue,
product development and marketing, branches and ATMs, and
operations. Prior to that role, he led the Consumer Segment for the
Retail Bank, and before that he led strategy for Capital One’s auto
finance and mortgage businesses.
Weinbach will depart Wells Fargo in mid-September, working with
Santos between now and then to ensure a smooth transition. Scharf
added, “Mike has worked tirelessly over the past two years to
launch our Consumer Lending business. He’s a great leader and an
even better person. Mike and I have been discussing his desire to
do something different, and we recently agreed that now is the
right time. I wish him well in his future endeavors, which I am
confident he will meet with great success.”
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial
services company that has approximately $1.9 trillion in assets,
proudly serves one in three U.S. households and more than 10% of
small businesses in the U.S., and is a leading middle market
banking provider in the U.S. We provide a diversified set of
banking, investment, and mortgage products and services, as well as
consumer and commercial finance, through our four reportable
operating segments: Consumer Banking and Lending, Commercial
Banking, Corporate and Investment Banking, and Wealth &
Investment Management. Wells Fargo ranked No. 37 on Fortune’s 2021
rankings of America’s largest corporations. In the communities we
serve, the company focuses its social impact on building a
sustainable, inclusive future for all by supporting housing
affordability, small business growth, financial health, and a
low-carbon economy. News, insights, and perspectives from Wells
Fargo are also available at Wells Fargo Stories.
Additional information may be found at www.wellsfargo.com |
Twitter: @WellsFargo.
News Release Category: WF-LO
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version on businesswire.com: https://www.businesswire.com/news/home/20220710005080/en/
Media Jennifer Langan 213-598-1490
jennifer.l.langan@wellsfargo.com
Investor Relations John Campbell, 415-396-0523
John.M.Campbell@wellsfargo.com
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