A Changing of the Guard: Wells Fargo Names Scott Powell as New Chief Risk Officer Amid Strategic Pivot

In a major leadership transition signaling the next phase of its post-scandal recovery, Wells Fargo announced on Wednesday that current Chief Operating Officer (COO) Scott Powell will transition into the role of Chief Risk Officer (CRO). Powell is set to succeed Derek Flowers, a nearly 30-year veteran of the San Francisco-based banking giant, who will…

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