Wells Fargo Chief Risk Officer Amanda Norton retiring this year: Reports

wells-fargo-chief-risk-officer-amanda-norton-retiring-this-year:-reports

Wells Fargo & Co. WFC, +0.09% Chief Risk Officer Amanda Norton will retire from the bank in June after about four years in the post, according to reports on Tuesday. Norton, 55, joined Wells Fargo in 2018. Wells Fargo plans to name a replacement in the next few weeks, according to reports by The Wall Street Journal and American Banker that cited an internal memo from Wells Fargo CEO Charlie Scharf. A Wells Fargo spokesperson did not reply to an email from MarketWatch about the move. “Strengthening our risk and control infrastructure is our top priority, and Mandy has been central to that effort,” Scharf said in the memo, according to the reports. Wells Fargo shares are up 72% in the past year.

Source: Marketwatch

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