Wells Fargo names Kleber Santos as Chief Executive Officer of Consumer Lending

Wells Fargo announced the appointment of Kleber Santos as the company’s CEO of Consumer Lending, effective immediately. In his new role, Santos will lead all aspects of Wells Fargo’s Consumer Lending business which includes Home Lending, Auto, Credit Cards and Merchant Services, and Personal Lending. He would continue to report to CEO Charlie Scharf. 

CEO Charlie Scharf said, “Kleber is a proven leader, having built our DSRI function over the past two years, and having driven significant outcomes in both representation and inclusion. In addition to his leadership experience at Wells Fargo, he brings significant consumer lending and retail banking expertise to his new role. I’m confident that his capabilities and his drive will help us continue to strengthen Consumer Lending and prepare it for future growth.”

Santos succeeds Mike Weinbach, who joined the company in April 2020 to lead Consumer Lending soon after it was launched as its own line of business at Wells Fargo.Prior to new role, Santos has been serving as the company’s head of Diverse Segments, Representation and Inclusion (DSRI) since November 2020. He will also continue as head of DSRI while the company conducts a search for a permanent replacement.

Santos joined Wells Fargo from Capital One, where he worked for 15 years in a number of senior roles, including as president of Retail and Direct Banking, accountable for the division’s revenue, product development and marketing, branches and ATMs, and operations. Prior to that role, he led the Consumer Segment for the Retail Bank, and before that he led strategy for Capital One’s auto finance and mortgage businesses.