Wells Fargo named Mike Weinbach as CEO of the company’s Consumer Lending department. Weinbach will begin his assignment in early May, reporting to CEO Charlie Scharf.
Weinbach, who will be based in New York, will have responsibility for Home Lending, Auto, Credit Cards and Merchant Services, and Personal Loans, Wells Fargo announced in a release.
“I’m delighted that we’ve been able to attract someone with Mike’s experience, skills and knowledge to Wells Fargo,” Scharf said in the release. “He has a broad range of experiences in the consumer space and will be a great addition to our management team. We are one of the largest providers of consumer credit in the country and want to continue serving that important role for our customers and the U.S. economy.”
Weinbach joins Wells Fargo after 16 years at JPMorgan Chase where he was most recently CEO of Chase Home Lending holding leadership roles covering Consumer Banking, Business Banking, Home Lending and Auto Finance in sales, finance, branch management and operations.
Before joining Chase, Weinbach founded a business focused on workplace motivation and held positions at Citigroup.
“I am excited to join Wells Fargo and appreciate the opportunity to work with this remarkable franchise that serves over 70 million customers,” Weinbach said. “I am passionate about providing outstanding customer experiences and helping customers live better lives. I am eager to work with the Wells Fargo team to do just that.”