Wells Fargo Names a New CFO
Wells Fargo (NYSE: WFC) is preparing for a change in one of its most important positions. The company announced Tuesday that it has appointed a new CFO, Mike Santomassimo, who will take up his post on an unspecified date this fall.
Santomassimo is to replace the departing John Shrewsberry, who has served in the position for the last six years and is a 22-year veteran of the big bank. Wells Fargo said Shrewsberry will continue in his position until Santomassimo's arrival, and help with the transition for an unspecified period of time afterwards.
The incoming CFO also has long experience working in the banking sector, and this is not his first turn at the wheel.
Source Fool.com
