Two Wells Fargo executives begin ‘leave of absence' amid investigations

CHARLOTTE, N.C. — Two top executives at Wells Fargo & Co. are on leaves of absence in light of ongoing investigations into fraudulent sales practices at the bank.

Hope Hardison, chief administrative officer, and David Julian, chief auditor, were asked to go on leave and step back from their roles on the Operating Committee. Wells Fargo declined to confirm if they are still employed with the bank.

“Because of the depth of our management team, we are confident in our ability to ensure an effective transition,” Chief Executive Tim Sloan says. “During the past two years, we have become more customer-focused, made significant leadership and board changes, strengthened risk management and controls, simplified the organization and invested in our team members. We remain steadfast in our focus on making things right for customers.”

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