Wells Fargo's Mary Mack to Retire as Chief Executive of Consumer, Small-Business Banking
April 13 2023 - 11:49AM
Dow Jones News
By Colin Kellaher
Wells Fargo & Co. on Thursday said Mary Mack, chief
executive of its consumer and small-business banking arm, plans to
retire this summer after nearly four decades with the San
Francisco-based lender.
Saul Van Beurden, head of technology at Wells Fargo, will
succeed Ms. Mack on May 15 at the helm of the segment, which
provides financial services to about 64 million consumer banking
and lending customers and more than 3 million small-business
customers, the bank said.
Ms. Mack, who joined Wells Fargo in 1984, has led the
transformation of its retail bank branch network since 2016
following Wells Fargo's sales-practices scandal. American Banker
last year listed Ms. Mack as number four on its list of most
powerful women in banking.
Wells Fargo said Mr. Van Beurden, who joined the bank in 2019
from JPMorgan Chase & Co., will continue to report to Chief
Executive Charlie Scharf and will continue to serve on the
company's operating committee.
Tracy Kerrins, currently head of consumer technology, will
succeed Mr. Van Beurden as head of technology for the entire
company and will join the operating committee, Wells Fargo
said.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
April 13, 2023 11:34 ET (15:34 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Wells Fargo (NYSE:WFC)
Historical Stock Chart
From May 2024 to Jun 2024
Wells Fargo (NYSE:WFC)
Historical Stock Chart
From Jun 2023 to Jun 2024