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Wells Fargo COO Scott Powell to become chief risk officer as Derek Flowers retires

PUBT·09/23/2026 20:22:08
Wells Fargo COO Scott Powell to become chief risk officer as Derek Flowers retires
  • Wells Fargo Chief Risk Officer Derek Flowers will retire in mid-January.
  • Chief Operating Officer Scott Powell will become chief risk officer upon Flowers’ retirement.
  • Powell has been COO since December 2019, leading risk and control transformation efforts across the bank.
  • Powell previously held risk management roles, led consumer banking and retail investments at JPMorgan Chase, then ran Santander Holdings USA as CEO.
  • Wells Fargo plans to name a successor to Powell as COO in the near future.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wells Fargo & Company published the original content used to generate this news brief via Business Wire (Ref. ID: 20260923110433) on September 23, 2026, and is solely responsible for the information contained therein.