Wells Fargo & Co said on Monday Scott Powell will become chief operating officer...
- Wells Fargo & Co said on Monday Scott Powell will become chief operating officer, the second external recruit to join the top ranks since Chief Executive Charles Scharf took over six weeks ago.
Starting Dec. 9, Powell will focus on Wells Fargo’s relationships with regulators, which have been strained since the bank became tangled in a wide-ranging sales practices scandal in 2016. During his tenure at Santander US, Powell was credited with turning around the bank’s financials and fixing regulatory issues, experience he said will help him in his new role.
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