New leader to be hired, will report to CEO, serve on Operating Committee
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo (NYSE: WFC) today announced the next step in its technology
transformation. A new technology leader will be hired who will report
directly to CEO Tim Sloan and will join the Wells Fargo Operating
Committee.
The new technology leader will lead a combined Enterprise Information
Technology and Enterprise Information Security team. Those teams
continue to be led by Chief Technology Officer Scott Dillon and Chief
Information Security Officer Rich Baich, respectively, and will report
to the new leader once named. In the interim, they will report to Chief
Financial Officer John Shrewsberry. Enterprise Information Technology
has been part of the Enterprise Finance and Information Technology team.
Enterprise Information Security has been part of Corporate Risk.
“Technology and information security are at the heart of what allows us
to satisfy our customers’ financial needs and help them succeed
financially,” said Sloan. “Almost everything we do every day for our
customers, shareholders and team members is touched by the technology
and security professionals who develop and protect our systems. This new
combined team will allow us to further accelerate our efforts to
simplify Wells Fargo’s technology environment, strengthen our security
capabilities, mitigate risk, and enhance our ability to meet our
business and regulatory commitments.”
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 7,950
locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile
banking, and has offices in 37 countries and territories to support
customers who conduct business in the global economy. With approximately
262,000 team members, Wells Fargo serves one in three households in the
United States. Wells Fargo & Company was ranked No. 26 on Fortune’s 2018
rankings of America’s largest corporations. News, insights and
perspectives from Wells Fargo are also available at Wells
Fargo Stories.