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WELLS FARGO & COMPANY

(WFC)
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Wells Fargo mpany : Kristin Lesher Named Head of Middle Market Banking for Wells Fargo

10/22/2021 | 12:29pm EST

Wells Fargo & Company (NYSE: WFC) today announced that 21-year company veteran Kristin Lesher will lead Middle Market Banking, effective immediately. She reports to Kyle Hranicky, CEO of Wells Fargo Commercial Banking.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211022005430/en/

Kristin Lesher, Head of Wells Fargo Middle Market Banking (Photo: Wells Fargo)

Kristin Lesher, Head of Wells Fargo Middle Market Banking (Photo: Wells Fargo)

An industry leader in serving middle market companies, Wells Fargo provides financial solutions and specialized expertise across industries including agribusiness, food and hospitality, healthcare, investor real estate, government banking and technology. Serving clients with annual sales typically ranging from $5 million to $2 billion, the business operates in three regions across the U.S., including East, Central, and West. Lesher most recently served as head of the East region.

“Middle Market Banking is a key business and critical growth engine for Commercial Banking,” said Hranicky. “As we continue to invest in and strengthen Middle Market Banking, I’m confident Kristin is the right leader to move our business forward. She has extensive industry and leadership experience and a proven track record of building strong client relationships, leading highly successful teams, and driving growth.”

As head of the East region since 2018, Lesher led Middle Market Banking operations across 19 states — including Alabama, Connecticut, Delaware, Florida, Georgia, Kentucky, Maine, Massachusetts, Maryland, Mississippi, North Carolina, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, South Carolina, Tennessee and Virginia — as well as the District of Columbia and Eastern Canada.

Since joining Wells Fargo in 2000, Lesher has served in key leadership roles across the company. She was the co-head of Investment Banking Coverage at Wells Fargo Securities, where she was responsible for managing corporate client relationships across a broad range of industry specialty groups. Before that role, Lesher led Regional Investment Banking for Wells Fargo Securities and held several senior positions in Wells Fargo’s Treasury and Corporate Development Groups, as well as in Mergers and Acquisitions.

Lesher has a B.A. from Duke University, and an MBA from Northwestern University’s Kellogg Graduate School of Management, where she was an F.C. Austin Scholar. An active member in her community, she is a former Board Chair and current Board member of Girls on the Run International.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets, proudly serves one in three U.S. households and more than 10% of small businesses in the U.S., and is the leading middle market banking provider in the U.S. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 37 on Fortune’s 2021 rankings of America’s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon economy. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Additional information may be found at www.wellsfargo.com | Twitter: @WellsFargo

News Release Category: WF-LO


ę Business Wire 2021
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Financials (USD)
Sales 2021 76 070 M - -
Net income 2021 19 559 M - -
Net Debt 2021 - - -
P/E ratio 2021 10,2x
Yield 2021 1,26%
Capitalization 190 B 190 B -
Capi. / Sales 2021 2,50x
Capi. / Sales 2022 2,64x
Nbr of Employees 253 871
Free-Float 72,7%
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Last Close Price 47,75 $
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Charles William Scharf President, Chief Executive Officer & Director
Michael Santomassimo Chief Financial Officer & Senior Executive VP
Steven D. Black Chairman
Saul van Beurden Senior Executive VP & Head-Technology
Gary Owen Chief Information Security Officer
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