Wells Fargo & Co. said March 28 that Tim Sloan will retire at the end of June, but is stepping down immediately as CEO, president and board member.
The board named General Counsel Allen Parker as interim CEO and president, while the bank begins a search for a permanent CEO. In a dramatic move for a bank that has long promoted from within, Wells Fargo (NYSE: WFC) said its next CEO will come from outside the bank.
Wells Fargo was the largest bank in the Austin area ranked by deposits at the end…
