News & Deep Analysis
WFC-PA

WFC-PA: Wells Fargo Names Chief Risk Officer

Published: September 23, 2026
WELLS FARGO & COMPANY/MN

Direct News

  • Scott E. Powell appointed Chief Risk Officer at Wells Fargo.
  • Powell will leave his role as Chief Operating Officer.
  • Announcement date: 2026-09-23.
  • Ticker reference: WFC-PA (preferred share class).

Historical Context

This leadership update occurs after a series of capital and financing actions earlier in 2026 documented in the provided record: - 2026-08-19: Issuance of Series HH Preferred Stock completed. - 2026-05-20: Wells Fargo issued $6 billion in medium-term notes across three tranches. - 2026-02-25: Redemption of Series BB Preferred Stock, which affected the company's capital structure. The appointment of Scott E. Powell as Chief Risk Officer on 2026-09-23 is positioned chronologically after these listed capital moves. No direct linkage or stated connection between the leadership change and the prior financing or capital actions is provided in the supplied information.

Key facts and immediate takeaway

As of 2026-09-23, the only confirmed details provided are the appointment of Scott E. Powell to the role of Chief Risk Officer and his departure from the Chief Operating Officer post. No additional specifics about timing of the transition, successor for the COO role, or stated rationale for the change are included in the provided information. For investors tracking WFC-PA, this is an internal leadership change that alters the company's senior risk and operations reporting lines. Based solely on the supplied data, there are no other confirmed operational or capital impacts tied directly to the appointment.

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