SAN FRANCISCO, October 3, 2014 – Wells Fargo & Company (NYSE: WFC) announced today that Bill Mayer will become head of its Equipment Finance group, the second largest bank-affiliated equipment leasing and finance business in the U.S. Mayer will succeed John McQueen, a 21-year company veteran who announced his retirement earlier this year, and will report to Ed Blakey, head of Specialized Lending, Servicing and Trust. McQueen will stay on through the end of 2014 to help with transition of responsibilities.
Mayer, a 12-year Wells Fargo veteran, has extensive leadership experience in all aspects of secured lending and finance including sales, credit, and operations. Most recently, he worked in Wells Fargo’s Wholesale Credit group with responsibility for Commercial Banking, Capital Finance, Equipment Finance, Government & Institutional Banking and the Credit Resolution group. Prior to his role in Wholesale Credit, Mayer was president of the Commercial and Retail Finance Group at Wells Fargo Capital Finance. Before joining Wells Fargo, he held a number of leadership positions at GE Capital’s Commercial Finance group and Retailer Financial Services business.
“Bill is a proven industry leader with the diverse set of skills necessary to lead our Equipment Finance group,” said Blakey. “I’m confident that he will advance our position as an industry leader in equipment financing and continue to improve efficiencies while providing the best possible service to our customers.”
About Wells Fargo Equipment Finance
Wells Fargo Equipment Finance provides competitive fixed- and floating-rate loans and leases covering a full range of commercial equipment for businesses nationwide as well as floor planning and inventory financing, and vendor programs in selected industries in the United States and Canada. Wells Fargo Equipment Finance is the second largest bank affiliated equipment leasing and finance business in the United States by asset portfolio and annual originations, with more than 130,000 customers, and 1,100 team members. Wells Fargo Equipment Finance is the trade name of the equipment finance businesses of Wells Fargo Bank, N.A. and its subsidiaries. Canadian business is transacted by Wells Fargo Equipment Finance Company.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.6 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 locations, 12,500 ATMs, and the internet (wellsfargo.com), and has offices in 36 countries to support customers who conduct business in the global economy. With approximately 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2014 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially. Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories.