09:38 AM EST, 01/30/2025 (MT Newswires) -- Wells Fargo ( WFC ) said Thursday that Fernando Rivas will become the sole chief executive of its Corporate & Investment Banking, or CIB, division as Jon Weiss steps down immediately and plans to retire on June 1.

Weiss has been with the company for about 20 years, Wells Fargo ( WFC ) said.

Rivas joined Wells Fargo ( WFC ) in May 2024 as CIB's co-CEO and will now lead the unit alone, the company added.

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