Wells Fargo former interim CEO Allen Parker to step down as general counsel
) said on Thursday general counsel Allen Parker, who briefly served as interim chief executive of the scandal-hit U.S bank, will step down next year.The departure, effective March 2020, comes at a time when Charles Scharf is beginning to put his own mark on the bank’s leadership team. Last week, the fourth-largest U.S. bank hired former JP Morgan Chase executive and previous White House official, William Daley, to head public affairs.
“As interim CEO, Allen often spoke of the need for everyone at Wells Fargo to conduct our business with the highest levels of integrity,” Scharf told bank employees in a memo. Parker was thrust into the top position when former CEO Tim Sloan retired, saying pressure from politicians and regulators had become a distraction in running the scandal-plagued bank.
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