Wells Fargo Announces Next Step in Technology Transformation
October 23 2018 - 1:00PM
Business Wire
New leader to be hired, will report to CEO, serve on Operating
Committee
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20181023005972/en/
MediaAnn Wasik,
763-251-0549Ann.Wasik@wellsfargo.com@AnnWasikWForInvestor
RelationsJohn Campbell,
415-396-0523John.M.Campbell@wellsfargo.com
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