https://www.reuters.com/legal/transactional/wells-fargos-chief-risk-officer-derek-flowers-retire-2026-09-23/
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Wells Fargo's chief risk officer Derek Flowers to retire
By Reuters
September 23, 20261:41 PM PDTUpdated September 23, 2026
Illustration shows Wells Fargo logo
Wells Fargo logo appears in this illustration taken December 1, 2025. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tab
Companies
Wells Fargo & Company
Sept 23 (Reuters) - Wells Fargo (WFC.N), opens new tab said on Wednesday its chief risk officer, Derek Flowers, would retire in mid-January after nearly three decades at the US banking giant.
Flowers, who started at Wells Fargo in 1995, held various roles at the fourth-largest US bank. He has been the chief risk officer since 2022 and will be succeeded by Chief Operating Officer Scott Powell.
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"Derek played a pivotal role in strengthening our risk and control framework and fostering the strong risk culture that positions Wells Fargo for continued growth," CEO Charlie Scharf said.
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Wells Fargo plans to name Powell's successor in the near future.
Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Shilpi Majumdar
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