Wells Fargo COO Scott Powell to become chief risk officer as Derek Flowers retires
WFC•Powell’s background and succession plans
Powell previously held risk management roles, led consumer banking and retail investments at JPMorgan Chase, then ran Santander Holdings USA as CEO.
Wells Fargo plans to name a successor to Powell as COO in the near future.
Leadership change in Wells Fargo’s risk function
Wells Fargo Chief Risk Officer Derek Flowers will retire in mid-January.
Chief Operating Officer Scott Powell will become chief risk officer upon Flowers’ retirement.
Powell has been COO since December 2019, leading risk and control transformation efforts across the bank.
