{"id":534394,"date":"2021-09-03T12:18:10","date_gmt":"2021-09-03T16:18:10","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/perry-pelos-to-retire-from-wells-fargo-kyle-hranicky-to-become-ceo-of-commercial-banking-and-join-the-companys-operating-committee\/"},"modified":"2021-09-03T12:18:10","modified_gmt":"2021-09-03T16:18:10","slug":"perry-pelos-to-retire-from-wells-fargo-kyle-hranicky-to-become-ceo-of-commercial-banking-and-join-the-companys-operating-committee","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/perry-pelos-to-retire-from-wells-fargo-kyle-hranicky-to-become-ceo-of-commercial-banking-and-join-the-companys-operating-committee\/","title":{"rendered":"Perry Pelos to Retire from Wells Fargo; Kyle Hranicky to Become CEO of Commercial Banking and Join the Company\u2019s Operating Committee"},"content":{"rendered":"

<\/p>\n

\nPerry Pelos to Retire from Wells Fargo; Kyle Hranicky to Become CEO of Commercial Banking and Join the Company\u2019s Operating Committee\n<\/p>\n

SAN FRANCISCO–(BUSINESS WIRE<\/a>)–
\nWells Fargo & Company (NYSE: WFC) announced today that Perry Pelos will retire from the company in April 2022 and that Kyle Hranicky, Head of Middle Market Banking, will succeed Perry as CEO of its Commercial Banking segment, effective immediately. Hranicky will report to CEO Charlie Scharf and serve on the company\u2019s Operating Committee. Pelos will transition to an advisory role until his retirement.\n<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210903005043\/en\/<\/a><\/p>\n

\"Kyle<\/p>\n

Kyle Hranicky (Photo: Wells Fargo)<\/p>\n<\/div>\n

\nPelos plans to retire following a successful 35-year career with Wells Fargo. He has been in his current role since 2016 and first joined the company in 1987 as part of the Commercial Banking training program. He has held a number of roles within the company, including as Head of Wholesale Banking, as well as leadership roles across its Commercial Banking businesses, including Head of Middle Market Banking.\n<\/p>\n

\n\u201cOn behalf of the entire management team, I thank Perry for his many years of service with the company and the contributions he\u2019s made along the way. He is a terrific business leader and has been an important partner to me. He has been an especially strong voice on the Operating Committee, and his common-sense approach to business and willingness to deal with difficult issues will be missed,\u201d said Scharf.\n<\/p>\n

\nPelos said: \u201cIt\u2019s been a privilege spending my entire career with Wells Fargo, and I\u2019m proud to have led the Commercial Banking team these last five years. We\u2019ve done meaningful work \u2013 including seeing the Office of the Comptroller of the Currency terminate a 2015 Consent order related to Wells Fargo\u2019s Bank Secrecy Act\/Anti-Money Laundering compliance program.\u201d\n<\/p>\n

\nHe continued: \u201cWe have a talented leadership team with a strong client focus, and Kyle has the vision and team support to build on our foundation for future success. This was the right time for my family and me to make this decision, and for the company to make a leadership change. The Commercial Banking team will be in great hands with Kyle.\u201d\n<\/p>\n

\nHranicky is currently the Head of Middle Market Banking and a member of the Wells Fargo Management Committee. He has held a number of roles throughout his 26-year career at Wells Fargo. He was Head of the Corporate Banking group, led the Energy Group, and also was a manager in the Loan Syndications Group originating and structuring syndicated loans. Kyle started his career with Wells Fargo as an analyst in the Commercial Banking business.\n<\/p>\n

\n\u201cWells Fargo\u2019s Commercial Banking is a strong franchise today, and I\u2019m honored to lead this market-leading team of bankers,\u201d said Hranicky. \u201cI believe we have a significant opportunity to grow and continue to improve the business, and I will work closely with Perry during this transition to ensure we focus on our key strategic priorities so we can stay nimble, adapt to ongoing market changes, and make sure our business is structured in the future to accomplish these objectives.\u201d\n<\/p>\n

\nScharf said: \u201cKyle\u2019s broad experience in Commercial Banking and his longstanding relationships with Wells Fargo clients and colleagues will serve him well as head of the business. He\u2019s built a strong track record during his time at Wells Fargo, and I know he\u2019ll bring both consistency and fresh perspective to the role.\u201d\n<\/p>\n

\nAbout Wells Fargo\n<\/p>\n

\nWells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets, proudly serves one in three U.S. households and more than 10% of small businesses in the U.S., and is the leading middle market banking provider in the U.S. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 37 on Fortune\u2019s 2021 rankings of America\u2019s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon economy. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories<\/a>.\n<\/p>\n

\nAdditional information may be found at https:\/\/www.wellsfargo.com\/<\/a> | Twitter: @WellsFargo<\/a>.\n<\/p>\n

News Release Category: <\/b>WF-LO\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210903005043\/en\/<\/a><\/span><\/p>\n

Media
\n<\/b>
Matt Hurwitz, 415-297-4199
\n
matthew.s.hurwitz@wellsfargo.com<\/a><\/p>\n

Investors
\n<\/b>
John Campbell, 415-396-0523
\n
john.m.campbell@wellsfargo.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America California<\/p>\n

INDUSTRY KEYWORDS:<\/b> Banking Professional Services Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n\n\n\n
Photo<\/b><\/font><\/td>\n<\/tr>\n
\"Photo\"<\/td>\n<\/tr>\n
Kyle Hranicky (Photo: Wells Fargo)<\/font><\/td>\n<\/tr>\n
Photo<\/b><\/font><\/td>\n<\/tr>\n
\"Photo\"<\/td>\n<\/tr>\n
Perry Pelos (Photo: Wells Fargo)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Perry Pelos to Retire from Wells Fargo; Kyle Hranicky to Become CEO of Commercial Banking and Join the Company\u2019s Operating Committee SAN FRANCISCO–(BUSINESS WIRE)– Wells Fargo & Company (NYSE: WFC) announced today that Perry Pelos will retire from the company in April 2022 and that Kyle Hranicky, Head of Middle Market Banking, will succeed Perry as CEO of its Commercial Banking segment, effective immediately. Hranicky will report to CEO Charlie Scharf and serve on the company\u2019s Operating Committee. Pelos will transition to an advisory role until his retirement. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210903005043\/en\/ Kyle Hranicky (Photo: Wells Fargo) Pelos plans to retire following a successful 35-year career with Wells Fargo. He has been in … <\/p>\n

Continue reading “Perry Pelos to Retire from Wells Fargo; Kyle Hranicky to Become CEO of Commercial Banking and Join the Company\u2019s Operating Committee”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-534394","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nPerry Pelos to Retire from Wells Fargo; Kyle Hranicky to Become CEO of Commercial Banking and Join the Company\u2019s Operating Committee - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/perry-pelos-to-retire-from-wells-fargo-kyle-hranicky-to-become-ceo-of-commercial-banking-and-join-the-companys-operating-committee\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Perry Pelos to Retire from Wells Fargo; Kyle Hranicky to Become CEO of Commercial Banking and Join the Company\u2019s Operating Committee - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Perry Pelos to Retire from Wells Fargo; Kyle Hranicky to Become CEO of Commercial Banking and Join the Company\u2019s Operating Committee SAN FRANCISCO–(BUSINESS WIRE)– Wells Fargo & Company (NYSE: WFC) announced today that Perry Pelos will retire from the company in April 2022 and that Kyle Hranicky, Head of Middle Market Banking, will succeed Perry as CEO of its Commercial Banking segment, effective immediately. Hranicky will report to CEO Charlie Scharf and serve on the company\u2019s Operating Committee. Pelos will transition to an advisory role until his retirement. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210903005043\/en\/ Kyle Hranicky (Photo: Wells Fargo) Pelos plans to retire following a successful 35-year career with Wells Fargo. 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