Wells Fargo’s search for a new CEO ended with the announcement that Charles Scharf has been hired to succeed Tim Sloan in the role. Per settlements with federal regulators, Wells Fargo was required to receive approval from the Office of the Comptroller of the Currency (OCC) before its new CEO hiring could become official.
Scharf said that one of his top priorities as CEO is to “make sure we get the regulatory issues behind us,” and that he is grateful for the opportunity to lead the company as it continues to transform.
Find out more details about his appointment.