Daily Archives: March 29, 2019

Bye Felicia! Wells Fargo CEO Tim Sloan abruptly steps down

Wells Fargo announced Thursday that the embattled Sloan is relinquishing his post as CEO and president of the megabank and stepping down immediately.

According to the bank, Sloan is retiring as CEO, president, and board member on June 30, 2019, but his retirement is taking immediate effect.

The bank said that C. Allen Parker, who currently serves as the bank’s general counsel, will now take over as interim CEO, president, and member of the board.

Read on.