Bloomberg Law
Nov. 14, 2019, 2:10 PM

Wells Fargo’s Former Interim CEO Parker to Leave in March (1)

Hannah Levitt
Hannah Levitt
Bloomberg News

Allen Parker, who led Wells Fargo & Co. during its six-month search for a new chief executive officer, will leave the bank next year.

Parker plans to depart at the end of March “to pursue other business opportunities,” Wells Fargo said Thursday in a statement. The bank said it would immediately start looking for a new general counsel to replace Parker.

The firm’s 64-year-old top lawyer became interim CEO in March, when Tim Sloan stepped down amid a series of scandals at the San Francisco-based bank. Charlie Scharf, previously head of Bank of New York Mellon Corp., ...