Wells Fargo Names Timothy J. Sloan to Head Wholesale Banking Group

Wells Fargo & Company will promote Timothy J. Sloan, the company’s current chief financial officer and a senior executive vice president, to head of the Wholesale Banking group, effective May 15, 2014. He will succeed David A. Hoyt, a 32-year veteran of the company who has decided to retire. John R. Shrewsberry, current head of Wells Fargo Securities and an executive vice president, will succeed Sloan as chief financial officer and become a senior executive vice president, also effective May 15, 2014.