WFC - Wells Fargo's tech head to succeed Mary Mack as Consumer & Small Business CEO
2023-04-13 11:52:45 ET
- Wells Fargo ( NYSE: WFC ) said Thursday that Mary Mack will retire from the bank this summer and technology head Saul Van Beurden will succeed Mack as CEO of Consumer & Small Business Banking starting May 15.
- Tracy Kerrins, head of Consumer Technology, will take Beurden's place as Wells Fargo's ( WFC ) head of Technology, reporting to CEO Charlie Scharf and serving on the company's Operating Committee.
- She has worked in the tech and finance industries for over 20 years, having led operations and technology for a $24B private credit manager before joining WFC.
- Beurden, who will also continue to serve on the Operating Committee, joined WFC in 2019 from JPMorgan Chase ( JPM ), where he was chief information officer for their consumer and community banking division. Before that, he held senior leadership roles at ING Group ( ING ), overseeing all of the operations and technology for its international retail and direct banks.
- WFC, meantime, edged higher by 0.6% in late morning trading ahead of its first-quarter earnings report.
- See why Raymond James last week upgraded the stock to Strong Buy .
For further details see:
Wells Fargo's tech head to succeed Mary Mack as Consumer & Small Business CEO