YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Wells Fargo names new CEO

Posted online

Wells Fargo named Charles Scharf, chairman and CEO of Bank of New York Mellon, as its next chief executive.

Effective Oct. 31, Scharf will succeed Tim Sloan, who abruptly resigned in March after 31 years with Wells Fargo.

The company is facing multiple scandals, such as one where Wells Fargo allegedly told employees to create millions of fake bank accounts to meet sales quotas.

Read more from CNBC.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
Fall 2026 Architects & Engineers Project Report

This installment of Springfield Business Journal’s Architects & Engineers Project Report showcases 26 endeavors by area design and engineering professionals.

Most Read
Update cookies preferences