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Wells Fargo cuts 69 executive jobs – spokesman

Wells Fargo cuts 69 executive jobs - spokesman

Wells Fargo & Co (WFC.N) said on Friday it is cutting 69 executive jobs at its retail unit, as part of a restructuring in the division. Some of the executives will retire with benefits while others may find positions elsewhere within the bank, said Wells Fargo spokesman Paul Gomez. "We have just completed the process of consolidating the Regional President and Area President roles into a new position, Region Bank President," Mary Mack, senior executive vice president for community banking, said in an internal memo seen by Reuters.


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