Wells Fargo (WFC) said Thursday that Fernando Rivas will become the sole chief executive of its Corporate & Investment Banking, or CIB, division as Jon Weiss steps down immediately and plans to retire on June 1.
Weiss has been with the company for about 20 years, Wells Fargo said.
Rivas joined Wells Fargo in May 2024 as CIB's co-CEO and will now lead the unit alone, the company added.
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