Tom Wolfe, Wells Fargo & Co.’s head of consumer credit solutions, will retire from the bank by the end of October, according to a published report. Wolfe joined the bank in 2008, when Wells bought Wachovia Corp., and oversees its credit cards and auto lending. During his time with the bank, Wolfe has helped develop relationships with General Motors Co., and Tesla Motors Inc.
Wolfe’s departure is the second recently for Wells’s management team, following the announcement in April that John Shrewsberry would replace Tim Sloan as CFO. Wolfe’s duties will be shared by Dawn Martin Harp, who will expand her responsibilities within auto dealer services, and another executive yet to be named.
