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Wells Fargo Names Scott Powell Risk Chief for 2027

The appointment will coincide with Powell no longer serving as Chief Operating Officer on January 15, 2027.

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8-K

Rhea-AI Filing Summary

Wells Fargo & Company appointed Scott E. Powell as Chief Risk Officer, effective January 15, 2027. At that time, he will no longer serve as the company’s Chief Operating Officer.

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.

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Who will become WFC’s Chief Risk Officer, and when?

Scott E. Powell will become Wells Fargo & Company’s Chief Risk Officer effective January 15, 2027, and will no longer serve as Chief Operating Officer at that time.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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WELLS FARGO & COMPANY/MN0000072971falseNYSE00000729712026-09-232026-09-230000072971us-gaap:CommonStockMember2026-09-232026-09-230000072971wfc:A7.5NonCumulativePerpetualConvertibleClassAPreferredStockSeriesLMember2026-09-232026-09-230000072971wfc:NonCumulativePerpetualClassAPreferredStockSeriesYMember2026-09-232026-09-230000072971wfc:NonCumulativePerpetualClassAPreferredStockSeriesZMember2026-09-232026-09-230000072971wfc:NonCumulativePerpetualClassAPreferredStockSeriesAAMember2026-09-232026-09-230000072971wfc:NonCumulativePerpetualClassAPreferredStockSeriesCCMember2026-09-232026-09-230000072971wfc:NonCumulativePerpetualClassAPreferredStockSeriesDDMember2026-09-232026-09-230000072971wfc:GuaranteeofMediumTermNotesSeriesAdueOctober302028ofWellsFargoFinanceLLCMember2026-09-232026-09-23

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): September 23, 2026

WELLS FARGO & COMPANY
(Exact name of registrant as specified in its charter)
Delaware001-02979No. 41-0449260
(State or Other Jurisdiction
of Incorporation)
(Commission File
Number)
(IRS Employer
Identification No.)
            
333 Market Street, San Francisco, California 94105
(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: 415-371-2921


    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
        Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
        Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
        Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
        Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class
Trading Symbol
Name of Each Exchange
on Which Registered
Common Stock, par value $1-2/3
WFC
New York Stock
Exchange
(NYSE)
7.5% Non-Cumulative Perpetual Convertible Class A Preferred Stock, Series L
WFC.PRL
NYSE
Depositary Shares, each representing a 1/1000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series Y
WFC.PRY
NYSE
Depositary Shares, each representing a 1/1000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series Z
WFC.PRZ
NYSE
Depositary Shares, each representing a 1/1000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series AA
WFC.PRA
NYSE
Depositary Shares, each representing a 1/1000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series CC
WFC.PRC
NYSE
Depositary Shares, each representing a 1/1000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series DD
WFC.PRD
NYSE
Guarantee of Medium-Term Notes, Series A, due October 30, 2028 of Wells Fargo Finance LLC
WFC/28A
NYSE

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act (17 CFR 230.405) or Rule 12b-2 of the Exchange Act (17 CFR 240.12b‑2).
Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o



Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On September 23, 2026, Wells Fargo & Company (the “Company”) announced the appointment of Scott E. Powell as its Chief Risk Officer effective January 15, 2027, after which he will no longer serve as the Chief Operating Officer of the Company.



SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
Dated:September 23, 2026WELLS FARGO & COMPANY
By: /s/ JANET MCGINNESS
Janet McGinness
Managing Director, Senior Associate General Counsel and Secretary



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