Wells Fargo Chief Risk Officer Derek Flowers plans to retire in mid-January after nearly 30 years at the bank. Chief Operating Officer Scott Powell will succeed him as CRO effective Jan. 15, 2027, and the bank plans to name a new COO.

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Charlie Scharf

American businessman; chief executive officer and president of Wells Fargo (born 1965)

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Charlie Scharf· Finance · 8 sources · 2dStory

Powell Set to Succeed Wells Fargo Risk Chief

Finance· 2d

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About Charlie Scharf

Charles W. Scharf is an American business executive who is the chairman and CEO of Wells Fargo. He has been CEO of Wells Fargo since October 2019, and its chairman since October 2025.

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