Wells Fargo chooses BNY Mellon's Scharf as third CEO in three years

Reuters Friday, 27 September 2019
Wells Fargo & Co on Friday named banking veteran Charles Scharf its next chief executive officer, ending a six-month search for a new leader to turn around the fortunes of the scandal-plagued bank, sending its shares up more than 4%. Scharf, who joins the fourth-largest U.S. bank effective next month after a 2-year stint leading Bank of New York Mellon , will become Wells Fargo's third CEO in as many years.
Video credit: The Street - Published
News video: 09-27-19_JC_WELLS FARGO

09-27-19_JC_WELLS FARGO 01:16

The search is finally over. Charles Scharf, who was poached by Wells Fargo from his position as CEO of BNY Mellon, will take the helm as CEO of Wells Fargo starting October 21. "I am honored and energized by the opportunity to assume leadership of this great institution, which is important to our...

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