Wells Fargo President and CEO Tim Sloan announced his retirement on Thursday after 31 years with the country’s third-largest bank.
His decision comes two and a half years after he took over for former CEO John Stumpf, following his resignation in October 2016, and only weeks after answering for the company’s myriad of legal and regulatory compliance issues before Congress.
Find out more details about his decision and what it means for the company.