Here's How the Largest U.S. Banks Stack Up on CEO Succession
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Wells Fargo & Co. made its future a little more apparent this week by promoting Timothy Sloan to chief operating officer and president, positioning him as the top candidate to succeed John Stumpf. The picture for other large U.S. banks isn’t as clear.
The six biggest banks haven’t experienced a change in chief executive officers in more than three years, and none of their current leaders has signaled that they intend to leave anytime soon. Still, succession planning is a never-ending process, and none of the firms has gone outside its ranks for the top job in the past decade.