The Bank Slate


Mary Mack to retire from Wells Fargo

Wells Fargo in San Francisco said that veteran executive Mary Mack is retiring.

The $1.9 trillion-asset company said in a press release that Mack will step down as CEO of consumer and small business banking on May 15. She will be succeeded by Saul Van Beurden, the company’s head of technology.

Tracy Kerrins, head of consumer technology, will succeed Van Beurden as head of technology.

“Mary has spent her entire career at Wells Fargo, which spans nearly four decades,” Charles Scharf, the company’s CEO, said in the release. “I can think of few Wells Fargo colleagues who have done as much for our company – and who have been as visible in the communities that we serve – over such a long period of time.”

Van Beurden joined Wells Fargo in 2019 from JPMorgan Chase. Prior to joining Wells Fargo, Kerrins led operations and technology at a $24 billion private credit manager and spent about 15 years at Bank of America in senior technology roles.

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