Wells Fargo COO Scott Powell to become chief risk officer as Derek Flowers retires

Bitget2026/09/23 20:20

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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.
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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wells Fargo & Company published the original content used to generate this news brief via Business Wire (Ref. ID: 20260923110433) on September 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Wells Fargo COO Scott Powell to become chief risk officer as Derek Flowers retires

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