Wells Fargo Announces Kleber Santos to Lead Consumer Banking and Lending; Saul Van Beurden to Lead AI for the Company

The leadership change ends the shared leadership of Consumer Banking and Lending that began when the business was formed last year.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

SAN FRANCISCO--(BUSINESS WIRE)-- Wells Fargo & Company (NYSE: WFC) today announced that Kleber Santos will become CEO of Consumer Banking and Lending (CBL), and Saul Van Beurden will focus exclusively on leading AI across Wells Fargo. The two executives have served as co-CEOs of CBL since its formation last year, while Van Beurden also established and has led the company’s AI efforts.

Kleber Santos, CEO of Consumer Banking & Lending, Wells Fargo

“We have significant opportunities to grow our consumer businesses and to use AI to transform how we operate and serve our customers,” said Charlie Scharf, Chairman and CEO of Wells Fargo. “Kleber and Saul have built strong momentum in both areas, and having each focus fully on these priorities will help us accelerate that progress.”

Santos will assume full responsibility for CBL, building on growth across Consumer Deposits, Credit Cards, Business Banking, and Auto lending.

Van Beurden will focus on building Wells Fargo’s capabilities for enterprise-scale AI adoption, working closely with Bridget Engle, head of Technology, and with our business leaders to drive transformation across the company, and on strengthening the company’s work with leading AI companies.

Both executives will continue to report to Scharf and serve on Wells Fargo’s Operating Committee.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $2.3 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 38 on Fortune’s 2026 rankings of America’s largest corporations. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Additional information may be found at www.wellsfargo.com
LinkedIn: https://www.linkedin.com/company/wellsfargo

Cautionary Statement about Forward-Looking Statements

This news release contains forward-looking statements about our future financial performance and business. Because forward-looking statements are based on our current expectations and assumptions regarding the future, they are subject to inherent risks and uncertainties. Do not unduly rely on forward-looking statements as actual results could differ materially from expectations. Forward-looking statements speak only as of the date made, and we do not undertake to update them to reflect changes or events that occur after that date. For information about factors that could cause actual results to differ materially from our expectations, refer to our reports filed with the Securities and Exchange Commission, including the discussion under “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025, as filed with the Securities and Exchange Commission and available on its website at www.sec.gov.

News Release Category: WF-LO

View source version on businesswire.com: https://www.businesswire.com/news/home/20261022974723/en/

Media
Jennifer Langan, 213-598-1490
jennifer.l.langan@wellsfargo.com
(or)
Investor Relations
John Campbell, 415-396-0523
john.m.campbell@wellsfargo.com

Source: Wells Fargo & Company