Mike Weinbach to Join Wells Fargo to lead Consumer Lending
11 Februar 2020 - 6:03PM
Business Wire
Wells Fargo announced today that Mike Weinbach will join the
company as CEO of Consumer Lending in early May, reporting to CEO
Charlie Scharf and based in New York. Weinbach will have
responsibility for Home Lending, Auto, Credit Cards & Merchant
Services, and Personal Loans.
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Mike Weinbach (Photo: Business Wire)
“I’m delighted that we’ve been able to attract someone with
Mike’s experience, skills and knowledge to Wells Fargo,” said
Scharf. “He has a broad range of experiences in the consumer space
and will be a great addition to our management team. We are one of
the largest providers of consumer credit in the country and want to
continue serving that important role for our customers and the U.S.
economy.”
Weinbach joins Wells Fargo after 16 years at JPMorgan Chase
where he was most recently CEO of Chase Home Lending. Previously at
Chase he held leadership roles across Consumer Banking, Business
Banking, Home Lending and Auto Finance in sales, finance, branch
management and operations. Before joining Chase, he founded a
business focused on workplace motivation and held positions at
Citigroup. He is a graduate of the Wharton School at the University
of Pennsylvania and earned his MBA at Harvard Business School.
“I am excited to join Wells Fargo and appreciate the opportunity
to work with this remarkable franchise that serves over 70 million
customers,” said Weinbach. “I am passionate about providing
outstanding customer experiences and helping customers live better
lives. I am eager to work with the Wells Fargo team to do just
that.”
Reporting to Weinbach will be Michael DeVito, head of Home
Lending; Laura Schupbach, head of Wells Fargo Auto; Ray Fischer,
head of Credit Cards & Merchant Services; and John Rasmussen,
head of Personal Loans.
Until Weinbach joins Wells Fargo, Mary Mack will oversee
Consumer Lending on an interim basis in addition to her ongoing
role as CEO of Consumer and Small Business Banking.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified,
community-based financial services company with $1.9 trillion in
assets. Wells Fargo’s vision is to satisfy our customers’ financial
needs and help them succeed financially. Founded in 1852 and
headquartered in San Francisco, Wells Fargo provides banking,
investment and mortgage products and services, as well as consumer
and commercial finance, through 7,400 locations, more than 13,000
ATMs, the internet (wellsfargo.com) and mobile banking, and has
offices in 32 countries and territories to support customers who
conduct business in the global economy. With approximately 260,000
team members, Wells Fargo serves one in three households in the
United States. Wells Fargo & Company was ranked No. 29 on
Fortune’s 2019 rankings of America’s largest corporations. 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200211005822/en/
Media Mary Eshet, (704) 383-7777
mary.eshet@wellsfargo.com
Investor Relations John Campbell, (415) 396-0523
john.m.campbell@wellsfargo.com
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