NEW YORK Oct 12 Wells Fargo & Co chairman and chief executive officer, John Stumpf, will retire and the board of directors has chosen Tim Sloan as the new CEO, the U.S. West Coast-based bank said on Wednesday.
Stephen Sanger will be chairman and Elizabeth Duke the vice chair.
The changes are effective immediately.
Wells Fargo is due to report third-quarter earnings on Friday after a Congressional probe and lawsuits following complaints that unauthorized customer accounts to meet sales targets were opened. (Reporting by Carmel Crimmins; Editing by Bernard Orr)
Itaú's Setubal sees high growth at Brazil's XP
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UPDATE 1-Arconic knowingly supplied flammable panels for use in tower -emails
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