Wells Fargo CIB Co-CEO Jon Weiss retiring June 1; Fernando Rivas takes over immediately

WELLS FARGO & COMPANY/MN

Jon Weiss steps down as Co-CEO of Corporate & Investment Banking effective immediately; will retire June 1, 2025.
Fernando Rivas, who joined Wells Fargo in May 2024 as Co-CEO, becomes sole CEO of CIB effective immediately.
Under Weiss's leadership since early 2020, CIB net income ~40% higher and revenue ~35% higher.
Weiss had been with Wells Fargo for nearly 20 years, starting in 2005 in Investment Banking.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Fernando Rivas

Sole CEO of Corporate & Investment Banking

WFC · WELLS FARGO & COMPANY/MN

Effective: 2025-01-30
Filed: January 30, 2025, 6:59 PM ET

Fernando Rivas, who joined the Company in May 2024 as Co-CEO of CIB, will become CIB’s sole CEO effective immediately.

Departed

Jon Weiss

Co-CEO of Corporate & Investment Banking

WFC · WELLS FARGO & COMPANY/MN

Effective: 2025-01-30
Successor: Fernando Rivas
Filed: January 30, 2025, 6:59 PM ET

Mr. Weiss will step down as Co-CEO of CIB effective immediately and will retire from the Company on June 1, 2025.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Fernando Rivas changed role as Sole CEO of Corporate & Investment Banking at WELLS FARGO & COMPANY/MN.

Action: become
Role: Sole CEO of Corporate & Investment Banking

Exact text from the filing

Fernando Rivas, who joined the Company in May 2024 as Co-CEO of CIB, will become CIB’s sole CEO effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jon Weiss departed as Co-CEO of Corporate & Investment Banking at WELLS FARGO & COMPANY/MN.

Action: retire
Role: Co-CEO of Corporate & Investment Banking

Exact text from the filing

Mr. Weiss will step down as Co-CEO of CIB effective immediately and will retire from the Company on June 1, 2025.

View on SEC.gov

WELLS FARGO & COMPANY/MN filing history →

Source: SEC EDGAR

accession 0000072971-25-000043

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