{"schema_version":"secwatch.filing_event.v1","accession":"0000072971-25-000043","form_type":"8-K","ticker":"WFC","cik":"0000072971","company_name":"WELLS FARGO & COMPANY/MN","filed_at":"2025-01-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.219336+00:00","generated_at":"2026-05-27T06:04:28.834198+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Wells Fargo CIB Co-CEO Jon Weiss retiring June 1; Fernando Rivas takes over immediately","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000072971-25-000043","json":"https://secwatch.observer/filing/0000072971-25-000043.json","markdown":"https://secwatch.observer/filing/0000072971-25-000043.md","text":"https://secwatch.observer/filing/0000072971-25-000043.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/72971/000007297125000043/0000072971-25-000043-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/72971/000007297125000043/wfc-20250128.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-27T06:04:28.834198+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8d19a508e2","claim":"Fernando Rivas changed role as Sole CEO of Corporate & Investment Banking at WELLS FARGO & COMPANY/MN.","evidence_excerpt":"Fernando Rivas, who joined the Company in May 2024 as Co-CEO of CIB, will become CIB’s sole CEO effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/72971/000007297125000043/0000072971-25-000043-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"become"},{"label":"Role","value":"Sole CEO of Corporate & Investment Banking"}],"fact_type":"executive_change"},{"claim_id":"cf1df0191b","claim":"Jon Weiss departed as Co-CEO of Corporate & Investment Banking at WELLS FARGO & COMPANY/MN.","evidence_excerpt":"Mr. Weiss will step down as Co-CEO of CIB effective immediately and will retire from the Company on June 1, 2025.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/72971/000007297125000043/0000072971-25-000043-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"retire"},{"label":"Role","value":"Co-CEO of Corporate & Investment Banking"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}