Perry Pelos to Retire from Wells Fargo; Kyle Hranicky to Become CEO of Commercial Banking and Join the Company’s Operating Committee
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Friday, September 3, 2021
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Wells Fargo & Company (NYSE: WFC) announced today that Perry Pelos will retire from the company in April 2022 and that Kyle Hranicky, Head of Middle Market Banking, will succeed Perry as CEO of its Commercial Banking segment, effective immediately.
Key Points:
- Wells Fargo & Company (NYSE: WFC) announced today that Perry Pelos will retire from the company in April 2022 and that Kyle Hranicky, Head of Middle Market Banking, will succeed Perry as CEO of its Commercial Banking segment, effective immediately.
- Hranicky will report to CEO Charlie Scharf and serve on the companys Operating Committee.
- View the full release here: https://www.businesswire.com/news/home/20210903005043/en/
Pelos plans to retire following a successful 35-year career with Wells Fargo. - Wells Fargos Commercial Banking is a strong franchise today, and Im honored to lead this market-leading team of bankers, said Hranicky.