Wells Fargo (WFC) named Saul Van Beurden, currently CEO of Consumer and Small Business Banking, to lead the bank’s artificial intelligence push, the company said on Thursday.
At the same time, Kleber Santos, who is CEO of Consumer Lending, will take on the expanded role of co-CEO of Consumer and Banking along with Van Beurden. Having two co-CEOs for the Consumer and Lending unit will allow Van Beurden to spend a good portion of his time deploying AI across the company.
“Generative and agentic AI will reshape competitive dynamics across every industry, and we are embracing these tools as we have embraced robotic process automation and machine learning for years,” Wells Fargo (WFC) Chairman and CEO Charlie Scharf said.
Wells Fargo (WFC) stock was little changed at $82.40 in after-hours trading.