Wells Fargo Org Chart: Corporate Structure, Board of Directors and Executive Leadership (2026)

Updated October 11, 2026. Financial figures as of June 30, 2026. Prepared by Databahn from SEC filings, the 2025 Annual Report, the Q2 2026 earnings call and cited news sources.

Wells Fargo & Company (NYSE: WFC) is led by Charles W. Scharf, Chairman and Chief Executive Officer, with Michael P. Santomassimo as Chief Financial Officer and Steven D. Black as Lead Independent Director of a 12-member board. The San Francisco-based bank holding company reports four operating segments (Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management) and held $2.28 trillion in assets at June 30, 2026, with Wells Fargo Bank, N.A. as its principal subsidiary. Sources: FY2025 Form 10-K, 2026 proxy statement, Q2 2026 Form 10-Q and the 2025 Annual Report.

One leadership change is in motion. Chief Risk Officer Derek A. Flowers retires in mid-January 2027, and Chief Operating Officer Scott E. Powell will succeed him, with a new COO to be named (Dow Jones via MarketScreener, Sept. 23, 2026).

Wells Fargo key facts

Legal name	Wells Fargo & Company (Form 10-K, FY2025)
State of incorporation	Delaware (Form 10-K, FY2025)
Headquarters	333 Market Street, San Francisco, California 94105 (Form 10-Q, Q2 2026)
Ticker and exchange	WFC, New York Stock Exchange (Form 10-K, FY2025)
Revenue, fiscal 2025	$83.7 billion; net income $21.3 billion (2025 Annual Report)
Total assets	$2.28 trillion at June 30, 2026; fourth-largest U.S. bank by assets (Form 10-Q, Q2 2026)
Loans and deposits	$1.03 trillion in loans and $1.50 trillion in deposits at June 30, 2026 (Form 10-Q, Q2 2026)
Employees	197,466 headcount at June 30, 2026 (about 205,000 at Dec. 31, 2025) (Form 10-Q, Q2 2026; Form 10-K, FY2025)
Retail bank branches	4,079 at June 30, 2026 (Form 10-Q, Q2 2026)
Office footprint	58.9 million sq. ft. occupied; largest site Charlotte at 5.3 million (Form 10-K, FY2025, Item 2)
Reportable segments	Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; Wealth and Investment Management (Form 10-Q, Q2 2026)
Fortune ranking	No. 38 on the 2026 Fortune list of America’s largest corporations (Form 10-Q, Q2 2026)
Independent auditor	KPMG LLP, ratified for 2026 with 93.60% support (Form 8-K, April 30, 2026)
Next earnings date	Q3 2026 results on Oct. 13, 2026 (Business Wire, Oct. 5, 2026)

Wells Fargo seller intelligence: what the filings show

Wells Fargo’s strategic priorities

Scharf’s March 2026 shareholder letter sets two goals: become the top U.S. consumer and small business bank and wealth manager, and become the top U.S. bank for businesses of all sizes, including a top 5 U.S. investment bank. The company now targets a 17% to 18% return on tangible common equity over the medium term, against 14.6% for full-year 2025 (2025 Annual Report). The proxy frames the work under five strategic pillars, one of which is Technology and Innovation.

With the Federal Reserve’s asset cap lifted in June 2025, the spending pattern changed. Wells Fargo hired 185 commercial coverage bankers in two years, refurbished about 700 branches in 2025 and grew trading-related assets 41% year over year by Q2 2026. Because the asset cap no longer limits the balance sheet, a proposal framed around growth lines up with where the bank is now putting money.

The full Databahn report maps each priority to the executive who owns it and the budget line that funds it.

What Wells Fargo’s executives are paid to deliver

At least 75% of the CEO’s variable pay is long-term equity, and 65% of that equity is performance shares. Those shares pay out on three-year average return on tangible common equity: 75% on the absolute figure and 25% on its rank against a peer group of global systemically important banks, with a plus or minus 20% adjustment for relative shareholder return. For grants made in 2026, a target payout requires 14.25% average ROTCE, and the 150% maximum requires 15.5%.

Scharf’s 2025 pay was $40.0 million, plus a one-time retention award worth about $60 million that vests only in years four through six. Each named executive officer’s 2025 goals included a Strategy, Technology and Innovation category. A seller who can show a return-on-equity effect speaks the measure leadership is paid on.

The full Databahn report connects each named executive’s goal categories to the outcomes your solution can influence.

Wells Fargo spending and capital plans

Management guides 2026 noninterest expense to about $55.7 billion. Technology, telecommunications and equipment expense rose 13% to $1.46 billion in Q2 2026, driven by software, hardware and amortization of internally built software (Form 10-Q). The CEO letter says the company has added more than $15 billion of investment in technology and its businesses since 2019, while cutting about $15 billion of gross expenses.

Databahn analysis estimates the 2026 IT budget at $15.84 billion, up from $15.70 billion in 2025, with $1.74 billion directed to artificial intelligence. The 10-Q names higher software expense first among the reasons technology costs rose. On capital, $22.7 billion remained under the $40 billion buyback authorization at June 30, 2026.

The full Databahn report breaks the IT budget into its spending categories and shows where new-project dollars are concentrated.

Acquisitions, divestitures and partnerships

Wells Fargo has exited or sold 12 businesses since 2019; the last sale closed on Jan. 1, 2026. In Q1 2026 it sold its rail car leasing business. In April 2025 it acquired its merchant services joint venture, whose revenue now appears in card fees. Growth is coming through partnerships: Overland Advantage, a private credit venture with Centerbridge Partners, has helped clients raise about $7 billion since June 2024, and Wells Fargo became the preferred U.S. financing provider for Volkswagen and Audi.

Scharf’s letter is direct on deals: “we feel no pressure to pursue sizeable M&A.” Organic growth is the plan, which favors vendors who help existing businesses scale.

The full Databahn report details the integration and system work these transactions created, by business line.

Wells Fargo technology and AI initiatives

Saul Van Beurden has led AI since November 2025, alongside his Consumer Banking and Lending role. According to the 2025 Annual Report:

• About 190,000 employees have Microsoft Copilot Chat and about 40,000 use M365 Copilot.
• An internal platform that gives employees access to multiple large language models has about 25,000 users.
• The Fargo virtual assistant handled nearly 600 million autonomous customer interactions in 2025.
• Engineers using GenAI wrote 35% more code.

In Q2 2026 the wealth unit launched Advisor Gateway, a desktop with GenAI capabilities, and then AI Teammate, a plain-language assistant for advisors (CIO Dive, July 15, 2026). Faraz Shafiq joined from Amazon Web Services as chief AI product officer (FinTech Futures). For corporate clients, Wells Fargo is launching tokenized deposits this fall on its own blockchain, starting with U.S. dollar and British pound transfers.

Databahn analysis of 744 Wells Fargo job postings (July 24 to Oct. 9, 2026) found 215 that reference GenAI, agentic AI, large language models or Copilot. Platforms detected in its environment include Microsoft 365 Copilot, Copilot Studio, Azure OpenAI, ChatGPT Enterprise, Claude Code, Gemini Enterprise Agent Platform, Amazon Bedrock and LangGraph.

The full Databahn report maps the complete technology stack, by function, with the incumbent in each category.

Risk factors and pressure points

The 2025 Annual Report’s risk factors name AI-enabled cyberattacks that make fraud detection and authentication harder, dependence on a single or small number of third-party providers, and stablecoins and tokenized payments that could draw deposits away from banks. They also flag competition for employees with advanced technology skills.

Two regulatory matters are open. The September 2024 formal agreement with the OCC on anti-money laundering and sanctions practices is still disclosed in the Q2 2026 10-Q, which also estimates up to about $1.5 billion of reasonably possible legal losses above existing accruals. On Oct. 7, 2026, the Department of Housing and Urban Development told Scharf in a letter that it will examine whether the bank’s Black homeownership programs violated fair-lending law (Reuters via MarketScreener). Wells Fargo says it closed its final outstanding consent order in March 2026, bringing terminations since 2019 to 14 (2025 Annual Report, CEO letter).

The full Databahn report ties each risk theme to the internal owner and the remediation work underway.

How vendors get approved at Wells Fargo

Third-party risk management sits in Operational Risk Management, part of Independent Risk Management, which reports to the Chief Risk Officer. The 2025 Annual Report lists four controls for providers. Contracts must require notice of security and cyber incidents, providers must meet defined information security and control standards, Wells Fargo runs periodic third-party risk assessments, and anyone with system access completes annual security training.

The board’s Risk Committee oversees the third-party risk management program and approves significant operational risk policies. Supplier initiatives are organized around supplier size, measured by revenue, and suppliers are expected to follow the company’s Supplier Code of Conduct (2026 proxy). Because incident-notice terms go into the contract itself, plan for security language to be part of the first draft.

The full Databahn report outlines the review stages a new provider passes through and who signs off at each.

Who owns security and data decisions

The Risk Committee, chaired by Maria R. Morris, has primary oversight of information security, technology risk (including AI), data management and model risk. Member Suzanne M. Vautrinot is a retired U.S. Air Force major general and former Commander, 24th Air Force. The committee hears regularly from the Head of Technology and the Chief Information Security Officer.

Head of Technology Bridget Engle reports to the CEO and oversees the CISO, who leads a cyber and information security risk committee. Second-line oversight comes from Technology Risk Management, which reports to the Chief Risk Officer. The Enterprise Risk and Control Committee, co-chaired by the CEO and CRO, is the management body that governs all risk types and escalates to the Risk Committee (2025 Annual Report).

The full Databahn report names the leaders below the Operating Committee who run security, data and architecture decisions.

Leadership changes at Wells Fargo

• Oct. 2025: Scharf became Chairman; Steven D. Black moved to Lead Independent Director.
• Nov. 2025: Kleber R. Santos and Saul Van Beurden were named Co-CEOs of Consumer Banking and Lending, with Van Beurden also heading AI.
• April 2026: Director Celeste A. Clark retired, and the board went from 13 to 12.
• Sept. 2026: Rob Biodrowski was named to succeed John Manning as head of commercial banking market coverage, starting in November (Reuters).
• Sept. 23, 2026: Powell was named the next Chief Risk Officer, Flowers’ retirement was set for mid-January 2027, and a new COO is to be named.

Other 2026 hires include Dennis Devine to lead business banking and Faraz Shafiq as chief AI product officer. Each change resets who sets priorities in that part of the bank.

The full Databahn report tracks each new leader’s background and the mandates they brought with them.

Systems and business transformations

The 2026 proxy credits 2025 work on new data centers and on modernizing core banking, lending and payments platforms. It also describes AI-enabled check processing on public cloud infrastructure and a multi-year Finance technology roadmap that modernized regulatory reporting. Home Lending headcount is down more than 50% in three years, and the mortgage servicing portfolio shrank by $90 billion in 2025 alone.

No change in internal control over financial reporting was reported for Q2 2026 (10-Q, Item 4). On the corporate side, the Vantage client portal is being modernized, and blockchain-based payment rails are planned to extend payment hours to 24 hours a day, seven days a week.

The full Databahn report covers which platforms are mid-migration and where the next replacement decisions fall.

Shareholder pressure

Say on Pay passed with only 65.53% support at the April 28, 2026 meeting, down from 92.4% in 2025. The vote followed the board’s July 2025 approval of a special award of about $60 million for the CEO. A proposal to require an independent board chair drew 33.90%, and a proposal to move to simple majority voting drew 47.94%. Proposals on an energy supply ratio, high-carbon financing litigation risk, an Indigenous Peoples’ rights committee and vendor civil liberties all failed.

The company says it contacted holders of 61% of shares after the 2025 meeting and engaged with 59%. With executive pay under that much investor scrutiny, a proposal that states its return in ROTCE terms is easier for leadership to defend.

The full Databahn report explains how this investor scrutiny shapes approval thresholds for new spending.

Wells Fargo locations by territory

Occupied office space at Dec. 31, 2025 (10-K, Item 2):

• United States, 52.8 million sq. ft.: Charlotte area 5.3 million, Minneapolis-St. Paul 2.9, New York area 2.7, Los Angeles 2.6, Phoenix 2.5, Dallas-Fort Worth 2.3, San Francisco Bay Area (including headquarters) 2.1, St. Louis 1.9, Des Moines 1.6, Washington, D.C. area 1.1, Philadelphia area 1.1.
• International, 6.1 million sq. ft.: India 4.3 million, the Philippines 1.3, the United Kingdom 0.2.

The bank ran 4,079 retail branches at June 30, 2026. Databahn analysis of 744 open roles found 416 in the United States (180 in Charlotte) and 305 in India (130 in Hyderabad). India is also where subsidiary Wells Fargo International Solutions Private Limited is organized (Exhibit 21).

The full Databahn report shows which teams and decision makers sit in each hub.

What Wells Fargo management told analysts

On the July 14, 2026 call, CFO Michael P. Santomassimo held 2026 guidance at about $50 billion of net interest income (about $48 billion excluding Markets) and about $55.7 billion of noninterest expense. He expected modest margin compression in Q3 and stabilization in Q4. Headcount has fallen for 24 straight quarters, to 197,000. He said the company should be able to run with fewer people and that technology and AI help get there faster.

Scharf repeated the 17% to 18% return target and said blockchain-based rails will make cross-border payments faster and more predictable. Q2 ROTCE was 17.7%. Q3 results arrive Oct. 13, 2026 (Business Wire).

The full Databahn report turns each commitment into the conversation openers that line up with it.

Wells Fargo org chart FAQ

Who is the CEO of Wells Fargo?

Charles W. Scharf is Chairman and Chief Executive Officer of Wells Fargo & Company. He became CEO in October 2019 and added the Chairman role in October 2025 (2026 proxy statement).

Who is Wells Fargo’s CFO?

Michael P. Santomassimo is Senior Executive Vice President and Chief Financial Officer, a role he has held since October 2020 (Form 10-K, FY2025). Muneera S. Carr is EVP, Chief Accounting Officer and Controller.

Who is on Wells Fargo’s board of directors?

The 12 directors are Charles W. Scharf (Chairman), Steven D. Black (Lead Independent Director), Mark A. Chancy, Theodore F. Craver, Jr., Richard K. Davis, Fabian T. Garcia, Wayne M. Hewett, CeCelia G. Morken, Maria R. Morris, Felicia F. Norwood, Ronald L. Sargent and Suzanne M. Vautrinot. All 12 were elected on April 28, 2026.

How is Wells Fargo organized?

Wells Fargo reports four operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management. Wells Fargo Bank, N.A. holds 85% of the company’s assets (Form 10-K, FY2025).

What companies does Wells Fargo own?

Exhibit 21 to the FY2025 10-K lists 14 significant subsidiaries, including Wells Fargo Bank, National Association; WFC Holdings, LLC; Wells Fargo Securities, LLC; Wells Fargo Clearing Services, LLC; Wells Fargo Advisors Financial Network, LLC; and Wells Fargo International Solutions Private Limited in India.

Who oversees cybersecurity at Wells Fargo?

The board’s Risk Committee, chaired by Maria R. Morris, has primary oversight of information security. Head of Technology Bridget Engle reports to the CEO and oversees the Chief Information Security Officer (2025 Annual Report).

Who leads AI at Wells Fargo?

Saul Van Beurden is Head of Artificial Intelligence and Co-CEO of Consumer Banking and Lending, appointed in November 2025. Faraz Shafiq joined from Amazon Web Services in 2026 as chief AI product officer.

Who is Wells Fargo’s Chief Risk Officer?

Derek A. Flowers is Chief Risk Officer and plans to retire in mid-January 2027. Chief Operating Officer Scott E. Powell was named his successor on Sept. 23, 2026.

Sources

• Wells Fargo & Company Form 10-K for fiscal 2025, filed Feb. 24, 2026, with Exhibit 13 (2025 Annual Report to Shareholders) and Exhibit 21
• 2026 proxy statement (DEF 14A), filed March 18, 2026
• Form 10-Q for Q2 2026, filed July 28, 2026
• Form 8-K with 2026 annual meeting results, filed April 30, 2026
• Wells Fargo Q2 2026 earnings call, July 14, 2026
• Databahn analysis of Wells Fargo technology budget, detected technology and 744 job postings dated July 24 to Oct. 9, 2026
• Dow Jones via MarketScreener, Sept. 23, 2026; FinTech Futures, Sept. 24, 2026
• Reuters, Sept. 14, 2026; CIO Dive, July 15, 2026; EMARKETER, Aug. 4, 2026
• Reuters via MarketScreener, Oct. 7, 2026; Business Wire, Oct. 5, 2026

What’s in the full Databahn report on Wells Fargo

• How to position your solution against the incumbent vendor in each technology category
• Who to call first, with the reporting context and current mandate for each contact
• The discovery questions that line up with Wells Fargo’s stated metrics and priorities
• The questions Wells Fargo stakeholders are likely to ask back, with suggested answers
• The full IT budget breakdown and technology stack map

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