---
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"
generated_at: "2026-05-27T06:04:28.834198+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000072971-25-000043
- JSON: https://secwatch.observer/filing/0000072971-25-000043.json
- Plain text: https://secwatch.observer/filing/0000072971-25-000043.txt

## Key facts
- Executive change
  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
  source text: Fernando Rivas, who joined the Company in May 2024 as Co-CEO of CIB, will become CIB’s sole CEO effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/72971/000007297125000043/0000072971-25-000043-index.htm
- Executive change
  Jon Weiss departed as Co-CEO of Corporate & Investment Banking at WELLS FARGO & COMPANY/MN.
  - Action: retire
  - Role: Co-CEO of Corporate & Investment Banking
  source text: Mr. Weiss will step down as Co-CEO of CIB effective immediately and will retire from the Company on June 1, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/72971/000007297125000043/0000072971-25-000043-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.