San Francisco, July 16, 2014 – Wells Fargo & Company (NYSE: WFC) today announced that John McQueen, head of Wells Fargo Equipment Finance, will retire from Wells Fargo at the end of 2014 after 21 years of service. Under McQueen’s leadership, Wells Fargo Equipment Finance has established itself as an industry leading provider of equipment leasing and finance.
McQueen joined Wells Fargo Equipment Finance in 1994 and was promoted to head the business in 2006. Under McQueen’s leadership over the last 9 years, the business has experienced double digit annualized growth and expanded its origination platform from 7 to 14 business lines. He also serves as a board member of ELFA (Equipment Leasing and Finance Association).
“John’s achievements in growing our Equipment Finance business have been remarkable,” said Ed Blakey, head of Specialized Lending, Servicing and Trust. “His dedication and passion for his team and the industry will be greatly missed.”
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 and stories are also available at blogs.wellsfargo.com and at stories.wellsfargobank.com.