SAN FRANCISCO--(BUSINESS WIRE)--Nov 20, 2025--
Wells Fargo & Company today announced that Saul Van Beurden, currently CEO of Consumer and Small Business Banking, will lead Artificial Intelligence for the company.
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In addition, Kleber Santos, currently CEO of Consumer Lending, will take on expanded responsibilities and serve as co-CEO of Consumer Banking and Lending with Mr. Van Beurden. Mr. Santos and Mr. Van Beurden have been working closely for some time to deliver a seamless experience for consumers; therefore, naming them co-CEOs and combining the businesses formally is a natural out-growth of how they work today. The partnership will also allow Mr. Van Beurden to spend a meaningful portion of his time driving AI across the company.
“Generative and agentic AI will reshape competitive dynamics across every industry, and we are embracing these tools as we have embraced robotic process automation and machine learning for years,” said Charlie Scharf, Chairman and CEO, Wells Fargo. “The past year has been exciting as our world-class technology team has led us in building the technical foundation, training over 90,000 employees, deploying AI tools to over 180,000 desktops and we are now beginning to implement use cases more broadly.”
“Success will be driven by business heads embracing these new technologies and rethinking their own operating models using generative and agentic AI solutions. Saul will partner with our business leaders to ensure they are leading their own transformation and will be accountable to me for consistent and meaningful progress across the company.”
Mr. Scharf added: “I have often said that we have one of the most enviable financial services franchises in the world. We have a breadth of consumer and commercial products that few can match. The advances in AI have given us a once in a lifetime opportunity to transform how we work and we are excited by what we can deliver for our employees, customers and communities.”
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $2.1 trillion in assets. 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. 33 on Fortune’s 2025 rankings of America’s largest corporations.
Cautionary Statement About Forward-Looking Statements
This news release contains forward-looking statements about our future financial performance and business. Because forward-looking statements are based on our current expectations and assumptions regarding the future, they are subject to inherent risks and uncertainties. Do not unduly rely on forward-looking statements as actual results could differ materially from expectations. Forward-looking statements speak only as of the date made, and we do not undertake to update them to reflect changes or events that occur after that date. For information about factors that could cause actual results to differ materially from our expectations, refer to our reports filed with the Securities and Exchange Commission, including the discussion under “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the Securities and Exchange Commission and available on its website at www.sec.gov.
News Release Category: WF-CF
Exterior of a Wells Fargo branch. (Photo: Wells Fargo)
BAGHDAD (AP) — An American journalist who was kidnapped in Baghdad had tried to cross from Syria into Iraq three weeks earlier and was initially turned back, an Iraqi official said Wednesday.
U.S. and Iraqi officials said Shelly Renee Kittleson had also been warned of threats against her in the days before her abduction. A freelance journalist who has worked for years in Iraq and Syria and was described by those who knew her as deeply knowledgeable about the region and the communities she covered, Kittleson was kidnapped from a street in the Iraqi capital Tuesday and remains missing.
Hussein Alawi, an adviser to Prime Minister Mohammed Shia al-Sudani, said Kittleson had sought to enter via the al-Qaim crossing from Syria on March 9 but was turned back because she did not have a press work permit and because security concerns due to “the escalation of the war and aerial projectiles over Iraqi airspace as a result of the war on Iran.”
She later entered the country after obtaining a single-entry visa to Iraq valid for 60 days issued to allow foreign citizens stranded in neighboring countries to “transit through Iraq to reach their home countries via available transport routes,” he said.
Kittleson entered Baghdad a few days before she was kidnapped and was staying in a hotel in the capital, he said.
“The incident is being followed closely by Iraqi security and intelligence agencies under the supervision of” al-Sudani, Alawi said. He noted that one suspect believed to be involved in the kidnapping plot has been arrested and is being interrogated.
Iraqi security forces gave chase to her captors and arrested one suspect after the car he was driving crashed, but other kidnappers were able to escape with the journalist in a second car.
An Iraqi intelligence official who spoke on condition of anonymity because he was not authorized to comment, said Iraqi authorities believe she is being held in Baghdad and are trying to locate her and secure her release. He said authorities “have information about the abducting party” but declined to give more details.
U.S. officials have alleged that Kittleson was taken by Kataib Hezbollah, an Iran-linked Iraqi militia that has been implicated in previous kidnappings of foreigners. The group has not claimed the kidnapping and the Iraqi government has not publicly said anything about the kidnappers' affiliation.
The Iraqi intelligence official said that prior to Kittleson's abduction, Iraqis had contacted U.S. officials to notify them that there was a specific kidnapping threat against her by Iran-affiliated militias.
Dylan Johnson, U.S. assistant secretary of state for public affairs, said on X Tuesday that the “State Department previously fulfilled our duty to warn this individual of threats against them.”
A U.S. official, who also spoke on condition of anonymity because he was not authorized to comment publicly, said, “She was contacted multiple times with warnings of the threats against her," including as late as the night before the kidnapping.
Kittleson’s mother, 72-year-old Barb Kittleson, who spoke to The Associated Press at her home in Mount Horeb, Wisconsin, said she heard about the kidnapping from a news report on Tuesday and was visited by the FBI at her house on Tuesday night.
When asked how she felt about the kidnapping she said, “Terrible. Scared. I’ll pray for her.”
Barb Kittleson said she last exchanged emails with her daughter on Monday. Shelly Kittleson sent photos of herself from Iraq, her mother said.
“Journalism is what she wanted to do so bad,” Barb Kittleson said. “I wanted her to come home and not do it, but she said, ‘I’m helping people.’”
Surveillance footage from Baghdad that was obtained by the AP shows what seems to be the moment the journalist was kidnapped. It shows two men approaching a person standing on a street corner and ushering the person into the back of a car. There appears to be a brief struggle to shut the car door before the men get into the vehicle and it drives away.
Iran-backed militias in Iraq have launched regular attacks on U.S. facilities in the country since the beginning of the U.S.-Israeli war on Iran.
Bauer reported from Mount Horeb, Wisconsin. Associated Press writer Matthew Lee in Washington contributed to this report.
The street corner in central Baghdad's Saadoun Street where U.S. journalist Shelly Kittleson was kidnapped in central Baghdad, Iraq, Wednesday, April 1 2026. (AP Photo/ Hadi Mizban)
U.S. journalist Shelly Kittleson poses for a cellphone photo in a cafe in Baghdad, Iraq, Monday, March 30, 2026. (AP Photo)
U.S. journalist Shelly Kittleson poses for a cellphone photo in a cafe in Baghdad, Iraq, March 25, 2025. (AP Photo)
A street view shows the street corner in central Baghdad's Saadoun Street where U.S. journalist Shelly Kittleson was kidnapped in central Baghdad, Iraq, Wednesday, April 1 2026. (AP Photo/ Hadi Mizban)
A street view shows the street corner in central Baghdad's Saadoun Street where U.S. journalist Shelly Kittleson was kidnapped in central Baghdad, Iraq, Wednesday, April 1 2026. (AP Photo/ Hadi Mizban)
