DES MOINES — Wells Fargo & Company (NYSE: WFC) announced today that Perry Hilzendeger, currently executive vice president and head of Home Lending Servicing, will become the new head of Home Lending Retail, effective April 16.   

As head of Home Lending Retail, a newly created role, Hilzendeger will report to Michael DeVito, who was named head of Wells Fargo Home Lending in January. Based in Des Moines, Hilzendeger will oversee nearly 15,000 retail production team members in mortgage and home equity sales, underwriting, fulfillment and support functions.

“Perry’s broad experience and knowledge of our business is unmatched, and he has a deep understanding of the customer experience at every stage of the homeownership journey,” DeVito said. “I am confident that his energy and experience will help us meet the evolving needs of our customers and clients.”

Hilzendeger, a 28-year Wells Fargo veteran, took over as head of Home Lending Servicing in 2015. In that role he oversaw nearly 13,000 team members who service mortgage loans and home equity products for more than 9 million customers and more than $1.2 trillion in mortgage loans for investors. Prior to that, he was head of Default Servicing, where he led teams dedicated to helping customers prevent and resolve delinquencies. Other key roles have included leadership positions in fulfillment and nearly 15 years in sales and sales management. Hilzendeger earned his bachelor’s degree from the University of Minnesota’s Carlson School of Management, Minneapolis.

Gui Kahl, currently senior vice president for Servicing Change Delivery, will head Home Lending Servicing operations on an interim basis while Wells Fargo conducts a search for a permanent leader.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $2.0 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, investments, mortgage, and consumer and commercial finance through more than 8,300 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy. With approximately 263,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune’s 2017 rankings of America’s largest corporations. News, insights and perspectives from Wells&nb sp;Fargo are also available at Wells Fargo Stories.