Wells Fargo is reportedly considering making interim CEO Allen Parker’s appointment permanent.
Parker succeeded Tim Sloan, who stepped down in March. Parker joined Wells (NYSE: WFC) in 2017 as general counsel, coming over from law firm Cravath, Swaine & Moore.
Wells Fargo has had a CEO search underway since Sloan’s departure, with plans to hire an outside candidate. That effort might be easier said than done, given the pay package and regulatory scrutiny involved with hiring the right candidate.
