Wells Fargo CEO Tim Sloan steps down

Wells Fargo said Thursday that Tim Sloan will retire at the end of June, but is stepping down immediately as CEO, president and board member. 

The board named General Counsel Allen Parker as interim CEO and president, while the bank begins a search for a permanent CEO. In a dramatic move for a bank that has long promoted from within, Wells Fargo (NYSE: WFC) said its next CEO will come from outside the bank.

Wells Fargo is No. 3 for deposit market share among banks in the Tampa Bay area. There…

from Fort Lauderdale Real Estate News & Residential Real Estate News – Residential Real Estate News Headlines | Bizjournals.com & Banking & Financial News – Banking & Financial News Headlines | Bizjournals.com http://feeds.bizjournals.com/~r/industry_2/~3/Yh4sO0jYdVw/wells-fargo-bank-wfc-ceo-tim-sloan-steps-down.html

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s