Wells Fargo forms innovation group, makes appointments to operating committee
Wells Fargo announced earlier the formation of a new Payments, Virtual Solutions and Innovation group and the appointment of new senior leaders to its operating committee. The committee is led by CEO John Stumpf. Effective November 1, the following executives will assume new or expanded roles, will serve on the operating committee, and will report to COO Tim Sloan: Avid Modjtabai, appointed head of Payments, Virtual Solutions and Innovation; Franklin Codel, appointed head of Consumer Lending; Perry Pelos, appointed head of Wholesale Banking; David Carroll, head of Wealth and Investment Management, and Mary Mack, head of Community Banking, will continue to report to Sloan. Carroll currently serves on the operating committee, and Mack will join effective November 1.