Wells Fargo & Company has named Tim Sloan to the position of chief administrative officer, a new position that reports directly to chairman, president and CEO John Stumpf.
According to Wells Fargo, effective immediately, the functions of corporate communications, corporate social responsibility, enterprise marketing, government relations and human resources will report to Sloan.
Sloan will also assume the leadership of the company’s brand, reputation management, stakeholder engagement and people development efforts.
An executive vice president of the company, Sloan has served most recently as Wells Fargo’s head of commercial banking, real estate and specialized financial services.
Stumpf said Tim has demonstrated the kind of business acumen and leadership that inspires teams to higher levels of performance.
““He is a trustworthy and effective ambassador for the company, having cultivated long-term relationships with many valued clients. His selection and this reorganization fully reflect our view that Wells Fargo’s profile and opportunities, especially in light of our historic merger with Wachovia, are poised to grow,” Stumpf said.