Dive Brief:
- Wells Fargo named a chief technology officer Thursday, elevating interim CTO Debra Chrapaty to a permanent role, according to a company announcement.
- Chrapaty will spearhead technology transformation at Wells Fargo, focusing on developers, platform services and enterprise architecture.
- In 2018, Chrapaty joined as EVP and group CIO of Wells Fargo's core platform services, where she worked on developer operations and technology product management, according to her LinkedIn. Chrapaty served as the CIO of social game developer Zynga, in addition to leaderships roles at Cisco and Microsoft.
Dive Insight:
In the last six months, Wells Fargo has introduced a cohort of technology leaders tasked with modernizing the bank's technical capabilities.
In January, the bank named a head of technology, Saul Van Beurden, to oversee information security and technology teams companywide. Chrapaty and recently announced CISO Gary Owen report directly to Van Beurden.
More leadership change is on the way. Wells Fargo still lacks a permanent CEO and leading candidates have passed on the job, The Wall Street Journal reported earlier this week.
Change stems from the 2016 revelations of Wells Fargo's account practices. The bank remains under federal oversight, limiting the company's growth.
Technology leadership is not set in stone either. Van Beurden "will assess leadership needs based on his vision for the organization," a Wells Fargo spokesperson told CIO Dive in an email.
