Wells Fargo & Co., parent of Connecticut’s Wachovia Bank network, announced Chief Financial Officer Howard Atkins is retiring and has been succeeded by Timothy Sloan, the bank’s chief administrative officer and senior executive vice president, The New Mexico Business Weekly reports.
Atkins is retiring for personal reasons, and his departure is unrelated to the company’s financial condition or financial reporting, Wells Fargo says.
“We understand Howard’s decision to retire after having served Wells Fargo successfully for nearly 10 years and after having had a financial-services career that has spanned four decades,” says John Stumpf, chief executive. “His tenure included Wells Fargo’s rise from a super-regional industry leader to the global company that it is today following its 2008 acquisition of Wachovia.”
Sloan, 50, will continue to report to Stumpf.
Atkins’ retirement takes effect in August, following an unpaid leave of absence that begins immediately. He will turn 60 this week.
Wells Fargo is based in San Francisco. The bank, with $1.3 trillion in assets, was founded in 1852.
