Wells Fargo & Co. announced today that Tanya Sanders will take over as head of Wells Fargo Auto, succeeding Laura Schupbach, who retired after a 26-year career with the bank. Schupbach was first named head of the lender’s auto arm in 2017.
Sanders recently served as head of the bank’s auto transformation team. Prior to that, she helmed the auto underwriting and fulfillment team, where she managed credit underwriters, funders and other support functions for the underwriting process. Before joining Wells Fargo in 2019, Sanders was a managing director at Chase Auto, where she oversaw shared services operations for retail and private label auto originations.
“Tanya has been instrumental in laying the foundation for Wells Fargo Auto to leverage more automation and digital capabilities to deliver for our dealers and customers,” said Mike Weinbach, chief executive of consumer lending at Wells Fargo, in a statement. “Her experience and vision, coupled with the strong team she is inheriting, position the business for a bright future.”
Sanders is also the co-chair of the Wells Fargo consumer lending’s Diversity, Equity and Inclusion Counsel and a member of the American Financial Services Association board of directors, where she serves as a committee chair for the Women’s Leadership Counsel. Sanders gave the Women in Auto Finance Keynote at the 2020 Auto Finance Summit.
Wells Fargo Auto had a managed portfolio of $51.8 billion as of June 30, according to earnings statements. The San Francisco-based bank’s auto arm is coming off a strong second quarter, with historic origination volume in June driving year over year growth.
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