Hoyt said, “It has been a privilege to have been part of Wells Fargo over the years, and especially through the industry’s largest-ever merger. Wells Fargo has never been stronger or enjoyed more valuable customer relationships than it does today. I have worked closely with both Tim Sloan and John Shrewsberry over the years and know they are superbly prepared to serve the company, our shareholders, and our customers in their respective roles. I am retiring confident in Wells Fargo’s future and that our wholesale banking customers are in excellent hands.”“Today’s appointments represent a natural evolution of executive responsibilities at our company,” said Stumpf. “They also demonstrate the deep bench of high-caliber leaders at Wells Fargo and the value of rotating them into different roles to effect seamless leadership transitions.”
Wells Fargo Names CFO Tim Sloan To Head Wholesale Banking Group; Dave Hoyt To Retire At The End Of June
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