By Colin Kellaher


Wells Fargo & Co. on Thursday said Mary Mack, chief executive of its consumer and small-business banking arm, plans to retire this summer after nearly four decades with the San Francisco-based lender.

Saul Van Beurden, head of technology at Wells Fargo, will succeed Ms. Mack on May 15 at the helm of the segment, which provides financial services to about 64 million consumer banking and lending customers and more than 3 million small-business customers, the bank said.

Ms. Mack, who joined Wells Fargo in 1984, has led the transformation of its retail bank branch network since 2016 following Wells Fargo's sales-practices scandal. American Banker last year listed Ms. Mack as number four on its list of most powerful women in banking.

Wells Fargo said Mr. Van Beurden, who joined the bank in 2019 from JPMorgan Chase & Co., will continue to report to Chief Executive Charlie Scharf and will continue to serve on the company's operating committee.

Tracy Kerrins, currently head of consumer technology, will succeed Mr. Van Beurden as head of technology for the entire company and will join the operating committee, Wells Fargo said.


Write to Colin Kellaher at colin.kellaher@wsj.com


(END) Dow Jones Newswires

04-13-23 1134ET