Bart Schouest to lead the Wells Fargo Energy Group
Wells Fargo & Company (NYSE: WFC) announced today that banking industry
veteran Kyle Hranicky has been appointed the new head of the Wells Fargo Corporate
Banking group, effective immediately. Hranicky, who is based in
Houston, will succeed Mike Johnson, who recently announced that he is
retiring after 32 years with the company. He will report directly to Tim
Sloan, the head of Wholesale Banking at Wells Fargo.
“Over the past 10 years, under Kyle’s leadership, the Wells Fargo Energy
Group has become a market leader by establishing a successful reputation
focused on industry knowledge, long-term relationships, and consistently
providing capital through all cycles,” stated Sloan. “He is an example
of the deep bench strength that exists in our organization, and I am
confident that he will lead our Corporate Banking group toward strategic
growth opportunities and long-term success.”
Hranicky has led the Wells Fargo Energy
Group within Corporate Banking since 2006. Previously, he was a
regional manager within Loan Syndications, part of Wells Fargo’s Debt
Capital Markets business. Hranicky joined Wells Fargo in 1995 in
Commercial Banking, where he held various roles.
Bart Schouest, who has served as the deputy group head of the Wells
Fargo Energy Group since 2012, will replace Hranicky as head of the
Energy Group. He joined as the result of Wells Fargo’s acquisition of
BNP Paribas’ North American energy business and was instrumental in
leading the successful integration of the two teams. Additionally as
deputy group head, Schouest oversaw the growth of the Energy Group’s Oil
& Gas Division and Large Corporate Energy and Power Division. He will
report directly to Hranicky.
“I am excited to take on this new role,” stated Hranicky. “Wells Fargo
already has a great Corporate Banking franchise thanks to tremendously
talented team members throughout the business and an outstanding
leadership team already in place. I am also pleased to have Bart
transition to head of the Energy Group as he brings over 30 years of
experience in energy finance, and established, long-standing
relationships throughout the sector.”
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified,
community-based financial services company with $1.7 trillion in assets.
Founded in 1852 and headquartered in San Francisco, Wells Fargo provides
banking, insurance, investments, mortgage, and consumer and commercial
finance through more than 8,700 locations, 12,500 ATMs, and the internet
(wellsfargo.com) and mobile banking, and has offices in 36 countries to
support customers who conduct business in the global economy. With
approximately 266,000 team members, Wells Fargo serves one in three
households in the United States. Wells Fargo & Company was ranked No. 29
on Fortune’s 2014 rankings of America’s largest corporations. In 2014,
Wells Fargo donated $281.2 million in grants to 17,100 nonprofits, and
team members volunteered 1.74 million hours around the country. Wells
Fargo’s vision is to satisfy all our customers’ financial needs and help
them succeed financially. Wells Fargo perspectives are also available at Wells
Fargo Blogs and Wells
Fargo Stories.