Wells Fargo CEO John Stumpf retires, Tim Sloan to take over

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  • Wells Fargo CEO John Stumpf testifies before the House Financial Services Committee on Capitol Hill  in Washington, DC, U.S. September 29, 2016. REUTERS/Gary Cameron

    Wells Fargo CEO John Stumpf testifies before the House Financial Services Committee on Capitol Hill in Washington, DC, U.S. September 29, 2016. REUTERS/Gary Cameron (Copyright Reuters 2016)

  • Wells Fargo CEO John Stumpf testifies before the House Financial Services Committee on Capitol Hill  in Washington, DC, U.S. September 29, 2016. REUTERS/Gary Cameron

    Wells Fargo CEO John Stumpf testifies before the House Financial Services Committee on Capitol Hill in Washington, DC, U.S. September 29, 2016. REUTERS/Gary Cameron (Copyright Reuters 2016)

Wells Fargo & Co said on Wednesday Chairman and CEO John Stumpf has retired, and President Tim Sloan will take over as chief executive.

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(Reporting By Sudarshan Varadhan in Bengaluru; Editing by Don Sebastian)