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This Wells Fargo CEO is retiring. Here's who is stepping into the role

Before her time serving in this role, Mary Mack was the president and head of Wells Fargo Advisors.

SAN FRANCISCO — Mary Mack, who has been the CEO of Wells Fargo's consumer and small business banking division since 2016, is retiring. Saul Van Beurden, who currently serves as the head of technology at the company, will succeed Mack.

“Mary has spent her entire career at Wells Fargo, which spans nearly four decades," CEO Charlie Scharf in a release posted to the bank's website. "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."

Before her time serving in this role, Mack was the president and head of Wells Fargo Advisors.

"It has been an honor working alongside so many talented people over the course of my career – all focused on helping our customers achieve their financial hopes and dreams," Mack said in a statement posted to the bank's website. "I am grateful to everyone who has been a part of my journey over the years."

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Van Beurden joined the banking giant from another financial mainstay -- JP Morgan Chase -- in 2019. Before his time with Chase, he ran all operations and technology for ING Group.

"Saul is a strong leader, technologist and knows how to run a business, making him the ideal person to lead Consumer & Small Business Banking into the future, building on the strong foundation that Mary has built," Scharf said. "Saul ... has consistently proven his ability to convert new ideas into new products and services across Wells Fargo."

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Van Beurden expressed excitement at the promotion news.

"Mary and her leadership team have transformed the organization, and I am excited to continue the work underway while bringing in expertise in technology and data to accelerate the transformation journey," Van Beurden's statement read.

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