Wells Fargo adds ex-Comerica CFO in latest outside hire
The latest high-level hire of the nascent Charlie Scharf era at Wells Fargo is the former chief financial officer at Comerica.
Muneera Carr will join the San Francisco bank on Jan. 6 as controller, the company said Friday in a press release.
Carr will report to Richard Levy, Wells Fargo’s chief accounting officer, who previously held the controller title. Her responsibilities will include management of corporate tax, accounting and reporting, as well as financial controls.
Carr left Comerica in the fall following a nine-year tenure that included stints as chief accounting officer and CFO. The Dallas-based company did not explain her departure, but analysts interpreted the exit as a sign that new Chairman and CEO Curtis Farmer was ready to build his own leadership team.
Scharf, who joined Wells Fargo as CEO in October, has moved quickly to bring new blood into the leadership ranks at the scandal-plagued bank.
In November, Wells announced the hiring of William Daley, a former White house chief of staff and onetime Scharf deputy at Bank of New York Mellon, as vice chairman of public affairs. And earlier this month, Scott Powell, the former CEO of Santander Holdings USA, joined Wells Fargo as chief operating officer.