Saul Van Beurden named CEO of Consumer & Small Business Banking for Wells Fargo; Mary Mack to retire; Tracy Kerrins named head of Technology
April 13 2023 - 10:45AM
Business Wire
Wells Fargo & Company (NYSE: WFC) today announced that Mary
Mack will retire from the company this summer and Saul Van Beurden,
head of Technology at Wells Fargo, will succeed Mack as CEO of
Consumer & Small Business Banking (CSBB), effective May 15. Van
Beurden will continue to report to CEO Charlie Scharf and will
continue to serve on the company’s Operating Committee. Tracy
Kerrins, current head of Consumer Technology, will become head of
Technology for the company, reporting to Scharf and serving on the
company’s Operating Committee.
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External view of office buildings (Photo:
Wells Fargo)
“Mary has spent her entire career at Wells Fargo, which spans
nearly four decades. She has led Consumer & Small Business
Banking for the past seven years, leading through a significant
amount of change, including defining a new path forward for the
business. I can think of few Wells Fargo colleagues who have done
as much for our company – and who have been as visible in the
communities that we serve – over such a long period of time,” said
Scharf.
Since 2016, Mack has led the transformation of the company’s
retail bank branch network. Prior to that she served as president
and head of Wells Fargo Advisors. Over her tenure with Wells Fargo,
Mack held a variety of leadership positions in consumer banking,
brokerage, commercial banking and corporate and investment
banking.
Mack said, “It has been an honor working alongside so many
talented people over the course of my career – all focused on
helping our customers achieve their financial hopes and dreams. The
Consumer & Small Business Banking leadership team is incredibly
strong and focused on continuing to improve the experiences our
customers have with Wells Fargo, which affirms that this is the
right time to retire. I am grateful to everyone who has been a part
of my journey over the years.”
Van Beurden, who has significant experience in retail banking,
joined Wells Fargo in 2019 from JP Morgan Chase, where he was the
chief information officer for their consumer and community banking
division. Prior to his time at JP Morgan, he held senior leadership
roles at ING Group, running all of operations and technology for
the company’s international retail and direct banks.
“Saul is a strong leader, technologist and knows how to run a
business, making him the ideal person to lead Consumer & Small
Business Banking into the future, building on the strong foundation
that Mary has built. CSBB’s branch network will continue to be key
to the business, but our customers expect us to provide them with
increasingly digitized and seamless banking experiences across all
channels. Saul understands this deeply and has consistently proven
his ability to convert new ideas into new products and services
across Wells Fargo,” said Scharf.
Van Beurden said, “I am excited to have the opportunity to lead
Consumer & Small Business Banking. Mary and her leadership team
have transformed the organization, and I am excited to continue the
work underway while bringing in expertise in technology and data to
accelerate the transformation journey.”
Kerrins has worked in the technology and finance industries for
more than 20 years. Prior to joining Wells Fargo, she led
operations and technology for a $24 billion private credit manager
and spent roughly 15 years at Bank of America in senior technology
roles across various consumer and wholesale businesses.
"Tracy has led a series of business-critical initiatives to
modernize our technology platforms across Consumer and Small
Business Banking, as well as Consumer Lending. She is a strong
leader and results-driven,” said Scharf.
Kerrins said, “Technology plays a critical role in all we do for
our customers and employees. I look forward to advancing the work
underway to continue to transform Wells Fargo.”
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. 41 on Fortune’s 2022
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
Cautionary Statement about Forward-Looking Statements
This news release contains forward-looking statements about our
future financial performance and business. Because forward-looking
statements are based on our current expectations and assumptions
regarding the future, they are subject to inherent risks and
uncertainties. Do not unduly rely on forward-looking statements as
actual results could differ materially from expectations.
Forward-looking statements speak only as of the date made, and we
do not undertake to update them to reflect changes or events that
occur after that date. For information about factors that could
cause actual results to differ materially from our expectations,
refer to our reports filed with the Securities and Exchange
Commission, including the “Forward-Looking Statements” discussion
in Wells Fargo’s most recent Quarterly Report on Form 10-Q as well
as to Wells Fargo’s other reports filed with the Securities and
Exchange Commission, including the discussion under “Risk Factors”
in our Annual Report on Form 10-K for the year ended December 31,
2022, available on its website at www.sec.gov.
News Release Category: WF-LO
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Media Jennifer Langan, 213-598-1490
Jennifer.L.Langan@wellsfargo.com
or
Hilary O’Byrne, 415-715-4958 Hilary.OByrne@wellsfargo.com
Investor Relations John Campbell, 415-396-0523
John.M.Campbell@wellsfargo.com
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