Wells Fargo announced on Wednesday that its mortgage chief, Mike Heid, is preparing to retire after 28 years with the bank.
“Over a distinguished career spanning three decades, Mike has helped our company and the entire housing industry navigate unprecedented challenges,” Chief Executive Officer John Stumpf said in a statement. “His impact will be felt for many years to come.”
Following in Heid’s footsteps will be Franklin Codel, who is currently the head of mortgage production. He will begin his role as mortgage chief on Oct. 1.
Image via flickr/Mike Mozart