Wells Fargo’s Hranicky to Lead Commercial Bank as Pelos Retires

Wells Fargo & Co. named Kyle Hranicky to lead its commercial bank as veteran Perry Pelos prepares to retire.

Hranicky’s appointment is effective immediately, according to a statement Friday. Pelos, 58, will transition to an advisory role and retire from the San Francisco-based firm in April.

The change marks Chief Executive Officer Charlie Scharf’s first appointment to his top leadership team from inside the firm since taking over almost two years ago. Hranicky, 51, has been at Wells Fargo for more than two decades, and previously led the middle-market banking business, reporting to Pelos.

“Kyle’s broad experience in commercial ...