What a difference a week makes.
Just days after it was revealed that Carrie Tolstedt, the supervisor in charge of Wells Fargo's infamous consumer banking group where employees falsified and fabricated more than 2 million customer accounts was leaving the bank on "golden parachute" terms, quietly collecting a $125 million parting gift in the process, moments ago Bloomberg reported that Wells Fargo's top risk manager in the same division has taken a leave of absence and was replaced in that role.
As Bloomberg first reported, Claudia Russ Anderson, who began a six-month leave Monday, was succeeded in August by Vic Albrecht, who held a similar job in the wealth-management division, Richele Messick, a spokeswoman for the San Francisco-based company, said in a phone interview. Anderson’s leave was announced to staff in June, said Messick, who didn’t elaborate when asked whether it was tied to a U.S. investigation into the bogus accounts.
“Claudia decided to take a personal leave of absence for personal reasons,” Messick said.
The leave takes effect a day before Chief Executive Officer John Stumpf is scheduled to testify before the Senate Banking Committee.
On Sept. 8, U.S. regulators including the Consumer Financial Protection Bureau fined Wells Fargo $185 million to settle an investigation into the unauthorized accounts. Stumpf, 63, has placed much of the blame on junior employees such as bank tellers. The lender said it fired 5,300 workers over five years, and that 10 percent of them were managers.
It was not clear if Russ Anderson would collect a similar 9 figure parting gift as Ms. Tolstedt.