Skip to content
Subscriber Only

Wells Fargo Risk Officer Takes Leave on Eve of Senate Hearing

  • Claudia Russ Anderson began unpaid leave Monday, lender says
  • Anderson was replaced in August by Albrecht, spokeswoman says
Video player cover image

Wells Fargo CEO John Stumpf: 'I Am Deeply Sorry'

Updated on

Wells Fargo & Co., facing calls to hold senior managers accountable for a scandal over unauthorized customer accounts, said a top risk manager has taken a leave of absence on the eve of Chief Executive Officer John Stumpf’s testimony before the Senate Banking Committee.

Claudia Russ Anderson began a six-month unpaid leave on Monday, becoming at least the second senior Wells Fargo executive to depart the community banking division since July. Anderson, 58, was head of risk for the unit, which houses the retail business, and was succeeded in August by Vic Albrecht, 57, Richele Messick, a bank spokeswoman, said in a phone interview.