Charles W. Scharf
Chairman and Chief Executive Officer
Executive
6 yr
6 reports
Wells Fargo & Company ·WFC
Four business CEOs report directly to the group CEO
Financial Services · Fortune #34 · Divisional structure · 226K employees · San Francisco, CA
7
CEO span
↓ tighter than peers (avg 10)
2.3
Avg span
tight
2
Max depth
flat for 226K emp
4 yr
Avg tenure
0%
Internal hires
↓ below industry avg
Consolidated financials FY2019 · period end 2019-12-31 · 10-K
Revenue
$85.1B
Net income
$21.3B
Total assets
$2148.6B
Shares out
3.09B
Sourced from Wells Fargo & Company DEF 14A · filed 2026-03-18 ↗ View on SEC
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Wells Fargo & Company organizational chart
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Four major business CEOs report directly to Wells Fargo’s CEO, creating a wide span with no COO layer. This page maps the divisional structure, executive team, and governance context, with analysis and peer comparison for large U.S. banks.
What to model
Use the chart to test org decisions, not just view reporting lines
Start with the public baseline, then use the scenario views and source-backed changes to ask what happens when leadership, span, or team ownership shifts.
Latest signal Board leadership structure changed role as Combined Chair and CEO
Board combined Chair and CEO roles effective October 2025.
Source · See change logScenario views in the chart
- Add Chief Operating Officer Introduce a COO to narrow the CEO span and centralize execution across divisions.
- Move Technology under CFO Shift technology reporting to the CFO to tighten cost and capital discipline.
Atlas work this supports
- Connect Workday or UKG Get these analytics for YOUR org — tenure, span of control, headcount, automatically from your HRIS.
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- Plan a Reorg Use this as a starting point. Model scenarios, compare structures, present options to your board.
The people
Who's running this
7 executives identified as Named Executive Officers in the most recent SEC proxy. Bar length scales with tenure.
Michael P. Santomassimo
Senior EVP, Chief Financial Officer
Finance
5 yr
0 reports
Bridget E. Engle
Senior EVP, Head of Technology
Technology
2 yr
0 reports
Fernando S. Rivas
Senior EVP, CEO of Corporate & Investment Banking
Corporate & Investment Banking
2 yr
0 reports
Kleber R. Santos
Senior EVP, Co-CEO of Consumer Banking and Lending
Consumer Banking and Lending
4 yr
0 reports
Ellen R. Patterson
Senior EVP, General Counsel
Legal
6 yr
0 reports
Open Role
Chief Risk Officer
Risk
1 yr
0 reports
The businesses
How Wells Fargo & Company divides the work
3 divisions report into the group CEO. Tile size scales with estimated headcount.
Consumer Banking and Lending
90K employees
Co-CEO, Consumer Banking and Lending (Kleber R. Santos)
Provides retail banking, credit cards, auto, personal lending, and mortgages to consumers.
Corporate & Investment Banking
30K employees
CEO, Corporate & Investment Banking (Fernando S. Rivas)
Serves middle‑market and large corporate clients with banking, markets, and advisory services.
Technology
40K employees
Head of Technology (Bridget E. Engle)
Develops and operates enterprise technology, digital platforms, and infrastructure.
The thesis
Why this org is unusual
Four business and functional CEOs report directly to Charles Scharf, with no COO layer.
Wells Fargo is organized around major reportable segments—Consumer Banking and Lending, Corporate & Investment Banking, Commercial Banking, and Wealth & Investment Management—each led by a senior executive accountable directly to the CEO. This structure reflects the post‑asset‑cap emphasis on accountability and regulatory clarity.
The absence of a COO keeps the CEO span wide, placing execution responsibility squarely on divisional leaders. Finance, Legal, Risk, and Technology also sit at the top table, reinforcing the bank’s heavy control and infrastructure focus following years of regulatory remediation.
- No COO role
- Direct divisional CEO reporting
The comparison
How Wells Fargo & Company stacks up
Compared with peers such as JPMorgan Chase and Bank of America, Wells Fargo maintains a similar divisional model but with a slightly wider CEO span and no dedicated COO. JPMorgan uses a strong COO layer, while Citi relies more heavily on regional and functional overlays. Wells Fargo’s structure is closer to Bank of …
C-suite size
Reporting depth
Wells Fargo & Company
2 levels
5 levels
5 levels
6 levels
4 levels
Avg C-suite tenure
Has COO / Has CAIO
Wells Fargo & Company — no COO — no CAIO
Current signals
What changed recently
The most consequential change was the October 2025 combination of the Chair and CEO roles under Charles Scharf.
Leadership Timeline
Year-over-year executive structure based on SEC proxy and annual filings.
FY2025
DEF 14A filed 2026-03-18
- CEO
- Charles W. Scharf
- CEO span
- 7
- C-suite
- 6
- Avg tenure
- 4 yr
Leadership stabilized following removal of the Federal Reserve asset cap.
Named executive officers (5)
- Charles W. Scharf - CEO since 2019
- Michael P. Santomassimo - CFO since 2020
- Fernando S. Rivas - CEO, CIB since 2024
- Kleber R. Santos - Co-CEO, Consumer Banking since 2022
- Ellen R. Patterson - General Counsel since 2019
Frequently Asked Questions
Who is the CEO of Wells Fargo?
Charles W. Scharf has served as CEO since October 2019.
What type of organizational structure does Wells Fargo use?
Wells Fargo uses a divisional structure organized around major banking segments.
How many direct reports does Wells Fargo's CEO have?
The CEO has seven direct reports spanning business and control functions.
How has Wells Fargo's leadership changed recently?
In October 2025, the board combined the Chair and CEO roles, and in 2024 hired a new CIB CEO.
Does Wells Fargo have a COO?
No. Wells Fargo does not currently have a Chief Operating Officer role.
Sources
- Company Proxy Statement, Oct 2025
- Company Proxy Statement, 2024
- SEC EDGAR: Wells Fargo & Company DEF 14A Proxy Statement
- SEC EDGAR: Wells Fargo & Company 10-K Annual Report
Reference
Cite this page
If you reference this page in research, analysis, or news writing, use one of the formats below. Citation includes the SEC filing source where applicable.
APA 7th
Creately. (2026). Wells Fargo & Company organizational structure. Creately. Retrieved , from https://creately.com/org-chart/fortune-500/wells-fargo/MLA 9th
"Wells Fargo & Company Organizational Structure." Creately, April 1, 2026, https://creately.com/org-chart/fortune-500/wells-fargo/. Accessed .Chicago 17
Creately. "Wells Fargo & Company Organizational Structure." Last modified April 1, 2026. https://creately.com/org-chart/fortune-500/wells-fargo/.Original SEC source View on SEC ↗
Wells Fargo & Company. DEF 14A. Filed 2026-03-18. U.S. Securities and Exchange Commission. https://www.sec.gov/Archives/edgar/data/72971/000007297126000200/wfc-20260318.htmPermanent URL: https://creately.com/org-chart/fortune-500/wells-fargo/ · last updated 2026-04-01