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Chief Accounting Officer, EVP Levy to Retire from Wells Fargo

March 09, 2020, 07:19 AM

Wells Fargo & Company announced Richard Levy, Executive Vice President and Chief Accounting Officer, has decided to retire after 18 years with the company. Levy, 62, will remain with the company through March 31.

“Throughout his tenure at Wells Fargo, Rich has played a critical role in many transformational initiatives within Enterprise Finance,” said Chief Financial Officer John Shrewsberry. “We have benefited greatly from Rich’s leadership, partnership, and more than 40 years of public accounting and financial services experience, and I’m grateful for his dedication and contributions to the company throughout the years.”

Muneera Carr, who joined Wells Fargo in January 2020 as Executive Vice President and Controller and reports to Levy, will succeed Levy as Chief Accounting Officer, reporting to Shrewsberry. Carr will continue to serve as Controller, managing corporate tax, accounting and reporting, as well as supporting other activities such as financial controls and oversight policies and processes.

Levy joined Wells Fargo as Controller in 2002 and served in that capacity until early 2020. Before joining Wells Fargo, Levy served as Senior Vice President and Controller for New York Life Insurance Company. Previously, he was a partner with Coopers & Lybrand where he headed the firms' national tax practice for financial institutions. Before joining Coopers & Lybrand, he was a Senior Vice President at Midlantic Corporation, a New Jersey-based regional bank holding company, where he was responsible for tax and accounting. He began his career at Deloitte.

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