What Happened?
San Francisco, CA-based Wells Fargo Retired Kevin Rhein as Chief Information Officer
About the Company
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.8 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through 8,700 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, 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. 30 on Fortune`s 2015 rankings of America`s largest corporations. Wells Fargo`s vision is to satisfy our customers` financial needs and help them succeed financially. Wells Fargo perspectives are also available on Wells Fargo Blogs and Wells Fargo Stories.
About the Person
Kevin Rhein, a 34-year veteran of the financial services industry, is senior executive vice president, Technology and Operations, for Wells Fargo & Company. As the company’s chief information officer, he is responsible for core technology activities including computing services, connectivity services, application development, information security, business continuity planning, enterprise business services and information management, enterprise architecture, monitoring, change control and problem management. As head of the company’s Operations Group, he is responsible for check processing, statement processing, ATM operations, ACH and wires, fraud disputes, cash vaults, lockbox, safe-deposit processing, armored logistics, accounting support for retail stores and deposit document retention. Rhein is a member of the Wells Fargo Operating Committee and Fair Lending Committee. Rhein previously led the former Wells Fargo Card Services and Consumer Lending (CSCL) group, including seven lines of business that provide lending and payment solutions for individuals, families and businesses. He began his Wells Fargo career at Citicorp/Citibank where he spent 15 years in positions including director of retail banking, director of retail branch operations and regional director for Citicorp Mortgage. Citibank-Arizona became part of Norwest Corporation in 1993. Rhein actively promotes financial literacy as a board member for the Center for Financial Services Innovation, First Children’s Finance and the United Negro College Fund. Between 2008 and 2010 he was a member of the Federal Reserve Board`s Consumer Advisory Council which advises the board on the exercise of its responsibilities under the Consumer Credit Protection Act. In May 2010 he was named a trustee of the National Foundation for Credit Counseling (NFCC). The NFCC promotes financially responsible behavior and builds capacity for its member organizations to deliver financial education and counseling services. Rhein has a bachelor’s degree in psychology from the University of Illinois, and an M.B.A. from the University of Chicago. He holds the rank of Eagle Scout, the highest advancement for members of the Boy Scouts of America, attained by only four percent of Scouts.
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