Wells Fargo Names Rick Redden Lead Region President for the Carolinas
August 27, 2014
Veteran business, community leader assumes responsibility for 5,100 team members, 460 stores across North Carolina and South Carolina
CHARLOTTE, NC – Wells Fargo & Company (NYSE: WFC) has named Rick Redden the lead region president for Regional Banking in the Carolinas. Redden will report to Eastern Regional Banking Executive Laura Schulte and will be based in Charlotte. He succeeds Stan Kelly, who led the Carolinas Regional Banking team since the merger of Wachovia and Wells Fargo. Kelly retired earlier this month.
A 21-year veteran with the company, Redden joined Wachovia as a corporate banker in Winston-Salem. He moved to Charleston, S.C., in 1996 as the senior banker for Commercial Banking. Redden became South Carolina’s regional Corporate Banking manager in 1997 and has served in various roles as the senior executive responsible for commercial banking, business banking, wholesale credit and retail banking across the state. Since 2007, Redden has served as regional president in South Carolina.
“Rick is an exceptional leader both inside Wells Fargo and in his community,” said Schulte. “He brings a passion for building strong teams and communities and for putting his customers at the forefront of all he does. Rick’s diverse experience will be invaluable as we continue to work hard to help our customers succeed financially across the Carolinas.”
“I’m excited about the opportunity to lead regional banking in the Carolinas and work with a dynamic and experienced group of Wells Fargo team members who are committed to supporting each other, our customers and our local communities,” said Redden. “I have spent most of my life living in eight communities across the two states, so the Carolinas is a special place for me and my family. I look forward to building on relationships I have with friends, associates and colleagues across North Carolina and South Carolina.”
After earning a Bachelor of Science in Business Administration at Appalachian State University, Redden went on to earn an M.B.A. at Georgia Tech. He is also a graduate of the Wachovia Executive Leadership Program at UNC-Chapel Hill.
Redden is the immediate past chairman of the South Carolina Bankers Association, chairman of the Economic Leadership Council of the Charleston Regional Development Alliance, and is part of the Palmetto Business Forum, as well as the Clemson University Board of Visitors. He is a former member of the board of directors for the Juvenile Diabetes Research Foundation, the Presbyterian College Board of Visitors and the Roper-St. Francis Foundation.
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 are also available at Wells Fargo Blogs and Wells Fargo Stories.
