Wells Fargo reshuffled some its top executives on Tuesday, naming a new chief financial officer and a new head of wholesale banking.
Timothy J. Sloan, 53, is leaving the C.F.O. post to head Wells Fargo’s wholesale banking group, which includes range of businesses like middle market commercial lending and international banking.  The bank named John R. Shrewsberry, 48, currently head of Wells Fargo Securities, as the new chief financial officer.
The moves come after David A. Hoyt, 58, who was worked for the company for 32 years, decided to retire from his post heading wholesale banking, Wells Fargo said.
In a statement, the chief executive, John Stumpf, said the moves “demonstrate the deep bench of high-caliber leaders at Wells Fargo and the value of rotating them into different roles to effect seamless leadership transitions.â€
Mr. Sloan will continue as chief financial officer, a role he has held since 2011, until after the bank reports earnings later this month. In his new role running wholesale banking, Mr. Sloan will report directly to Mr. Stumpf and sit on the bank’s operating committee.
Mr. Sloan had a previous stint in wholesale baking, including as head of commercial banking, commercial real estate and specialized financial services.
The wholesale banking operation generated about 37 percent of the bank’s net income in the fourth quarter.
