SAN FRANCISCO--(BUSINESS WIRE)--Oct 22, 2026--
Wells Fargo & Company (NYSE: WFC) today announced that Kleber Santos will become CEO of Consumer Banking and Lending (CBL), and Saul Van Beurden will focus exclusively on leading AI across Wells Fargo. The two executives have served as co-CEOs of CBL since its formation last year, while Van Beurden also established and has led the company’s AI efforts.
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“We have significant opportunities to grow our consumer businesses and to use AI to transform how we operate and serve our customers,” said Charlie Scharf, Chairman and CEO of Wells Fargo. “Kleber and Saul have built strong momentum in both areas, and having each focus fully on these priorities will help us accelerate that progress.”
Santos will assume full responsibility for CBL, building on growth across Consumer Deposits, Credit Cards, Business Banking, and Auto lending.
Van Beurden will focus on building Wells Fargo’s capabilities for enterprise-scale AI adoption, working closely with Bridget Engle, head of Technology, and with our business leaders to drive transformation across the company, and on strengthening the company’s work with leading AI companies.
Both executives will continue to report to Scharf and serve on Wells Fargo’s Operating Committee.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $2.3 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. 38 on Fortune’s 2026 rankings of America’s largest corporations. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.
Additional information may be found at www.wellsfargo.com
LinkedIn: https://www.linkedin.com/company/wellsfargo
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, 2025, as filed with the Securities and Exchange Commission and available on its website at www.sec.gov.
News Release Category: WF-LO
Saul Van Beurden, Head of AI, Wells Fargo
Kleber Santos, CEO of Consumer Banking & Lending, Wells Fargo
PHILADELPHIA (AP) — Tyrese Maxey scored 32 points and Joel Embiid had 24 to help LeBron James and the Philadelphia 76ers wipe out a 29-point deficit in their home opener and stun the Cleveland Cavaliers 114-106 on Thursday night.
James had 17 points and 10 rebounds in the biggest comeback win of his career, and fellow newcomer Jaylen Brown had 21 points in game that already may be tough for the Sixers to top this season, which they've started with wins over the NBA champion Knicks and the Eastern Conference finalist Cavaliers.
The Sixers refused to go down without a fight and nearly got into one when Maxey and his former Philadelphia teammate James Harden went nose-to-nose in the fourth before they were separated. Maxey was relentless on defense and was the catalyst for a 15-0 run in the fourth that gave the Sixers the lead and left the Cavaliers fumbling for answers.
Donovan Mitchell scored 32 points for the Cavs in their season opener.
James flirted in free agency with a third stint in Cleveland before he signed a two-year deal with the Sixers for the veteran minimum.
He won one of his four NBA titles with the Cavaliers and is trying to add a fifth ring in Philadelphia. The hype for the home opener was real, with tickets listed on secondary markets for around $4,000 in the lower bowl. The win against the Knicks only cranked up the enthusiasm for the first look in Philly at James and Brown — and they responded with an opener to remember.
The 41-year-old James — accused Thursday by President Donald Trump of disrespecting the United States by not standing still during the national anthem — had his moments. He brought the crowd to life with an uncontested two-handed jam in the first half and later a bucket off a steal by Maxey.
The Sixers missed 11 of 15 3-pointers and had 14 turnovers (only 12 total against the Knicks) in the first half and the packed house erupted in boos late in the second period.
Mitchell scored 22 points in the half as the Cavaliers stretched their lead to 29 points. That advantage was gone when Embiid scored seven straight points in the fourth to make it 96-95.
No matter the outcome, fans of both teams who watched on TV had something to complain about. A new lighting system at the 76ers’ arena appeared to bathe the court in a blue hue and added heavy colorized streaks and reflections from cameras on the ESPN broadcast.
Cavaliers: Have their home opener Saturday against Brooklyn.
76ers: Play back-to-back games at home this weekend — Saturday against Milwaukee and Sunday against Detroit.
See AP’s full NBA coverage here
Philadelphia 76ers' LeBron James tosses chalk into the air before an NBA basketball game against the Cleveland Cavaliers Thursday, Oct. 22, 2026, in Philadelphia. (AP Photo/Matt Slocum)
Cleveland Cavaliers' Evan Mobley, right, tries to get a shot past Philadelphia 76ers' Adem Bona during the first half of an NBA basketball game Thursday, Oct. 22, 2026, in Philadelphia. (AP Photo/Matt Slocum)
Cleveland Cavaliers' Donovan Mitchell celebrates after scoring during the first half of an NBA basketball game against the Philadelphia 76ers Thursday, Oct. 22, 2026, in Philadelphia. (AP Photo/Matt Slocum)
Philadelphia 76ers' LeBron James goes up for a dunk during the first half of an NBA basketball game against the Cleveland Cavaliers Thursday, Oct. 22, 2026, in Philadelphia. (AP Photo/Matt Slocum)
Philadelphia 76ers' LeBron James, left, tries to get past Cleveland Cavaliers' Tyrese Proctor during the first half of an NBA basketball game Thursday, Oct. 22, 2026, in Philadelphia. (AP Photo/Matt Slocum)
