Wells Fargo Names Tanya Sanders to Lead Auto Business
Wells Fargo (NYSE: WFC) has appointed Tanya Sanders as the new head of Wells Fargo Auto, succeeding Laura Schupbach, who is retiring after 26 years. Sanders, with over 20 years in financial services and experience leading various teams at Wells Fargo, aims to enhance automation and digital capabilities within the auto division. CEO Mike Weinbach expressed confidence in her leadership for the business's future. Schupbach’s tenure included a significant transformation of the auto business to adapt to industry changes.
- Tanya Sanders brings over 20 years of experience in financial services, enhancing leadership in Auto.
- Sanders has previously led Auto’s Transformation team, indicating a strong background in driving change.
- CEO Mike Weinbach's confidence suggests a strategic vision for Wells Fargo Auto under Sanders' guidance.
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Wells Fargo & Company (NYSE: WFC) announced today that Tanya Sanders will be the new head of Wells Fargo Auto. She brings over two decades of financial services experience to the role and succeeds Laura Schupbach, who recently announced her decision to retire after 26 years with Wells Fargo.
Tanya Sanders (Photo: Wells Fargo)
Sanders has been with Wells Fargo since 2019 and brings experience from numerous leadership positions within the auto finance industry to her new role. Most recently, she led Auto’s Transformation team and before that led Auto’s Underwriting and Fulfillment group. Prior to joining Wells Fargo, Sanders was the managing director of Business Operations for Chase Auto, where she oversaw shared services operations for retail and private label auto originations. She also held leadership roles at Bank of America and General Electric in auto, small business, business banking, and consumer finance businesses. Over the course of her career, she has earned experience in sales, strategy and business development, mergers and acquisitions, and corporate audit. Tanya received her Bachelor of Science in Mechanical Engineering from Clemson University and MBA from the University of Florida. Sanders is the co-chair for Wells Fargo Consumer Lending’s Diversity, Equity, and Inclusion Council and a member of the American Financial Services Association board of directors, where she also serves as a committee chair for the Women’s Leadership Council.
“Tanya has been instrumental in laying the foundation for Wells Fargo Auto to leverage more automation and digital capabilities to deliver for our dealers and customers,” said Mike Weinbach, CEO of Consumer Lending at Wells Fargo. “Her experience and vision, coupled with the strong team she is inheriting, position the business for a bright future.”
Schupbach’s retirement comes after a financial services career that spans nearly three decades. She joined Wells Fargo in 1995 and held senior-level positions across the bank throughout her career. She was selected to lead Auto in 2017 and led the team through a successful transformation of the business designed to make it more nimble, scalable, and ready to compete in a fast-changing industry. Before leading the Auto business, she led Wells Fargo Insurance for several years and held senior Finance leadership roles for various business units in addition to leading several companywide special projects.
“As a leader, Laura cared deeply for her team and was committed to helping the business transform into what it is today,” said Weinbach. “I’m grateful for her dedication and focus on doing what’s right for customers and leading Auto through both a business transformation and a pandemic. I wish her all the best in her retirement.”
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This news release contains forward-looking statements about our future financial performance and business. Because forward-looking statements are based on our current expectations and assumptions regarding the future, they are subject to inherent risks and uncertainties. Do not unduly rely on forward-looking statements as actual results could differ materially from expectations. Forward-looking statements speak only as of the date made, and we do not undertake to update them to reflect changes or events that occur after that date. For information about factors that could cause actual results to differ materially from our expectations, refer to our reports filed with the Securities and Exchange Commission, including the “Forward-Looking Statements” discussion in Wells Fargo’s most recent Quarterly Report on Form 10-Q as well as to Wells Fargo’s other reports filed with the Securities and Exchange Commission, including the discussion under “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2018, available on its website at www.sec.gov.
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