In a statement, Sloan said, In my time as CEO, “I have focused on leading a process to address past issues and to rebuild trust for the future. We have made progress in many areas and, while there remains more work to be done, I am confident in our leadership team and optimistic about the future of Wells Fargo.”
Additionally, Sloan said he believes that it is in the best interest of Wells Fargo to continue moving forward under a new CEO and fresh perspectives.
Wells Fargo Board appoints its General Counsel as interim CEO
The Board of Directors of Wells Fargo appointed its Senior Executive Vice President and General Coun
Parker was a presiding partner at Cravath, Swaine & Moore law firm before joining the bank. He has an extensive experience in banking, finance, and related matters.
“In my two years at Wells Fargo, I have been deeply impressed with the commitment of our 259,000 team members to move this great company forward and to build an even stronger foundation for the future,” said Parker .
