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Wells Fargo names new CEO, president

September 27, 2019 at 11:10 am EDT
September 27, 2019 at 11:10 am EDT

CHARLOTTE, N.C. — Charlotte's largest banking employer, Wells Fargo, announced Friday morning its new CEO and president.

[ALSO READ: Climate-change protesters shut down Wells Fargo's HQ branch]

Charles W. Scharf will assume his new role Oct. 21. He was the chairman and CEO of Bank of New York Mellon.

Former Wells Fargo CEO Tim Sloan stepped down back in March.

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