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Wells Fargo (WFC) VP, Head of Home Lending Heid to Retire

August 12, 2015 12:04 PM EDT

Wells Fargo (NYSE: WFC) announced that Michael J. Mike Heid, executive vice president and head of Wells Fargo Home Lending, will retire after nearly 28 years with the company and 11 years leading the mortgage division. Effective Oct. 1, 2015, Franklin Codel, executive vice president and currently head of Mortgage Production, will succeed Heid as head of Wells Fargo Home Lending.

Reporting to Avid Modjtabai, senior executive vice president and head of Wells Fargos Consumer Lending Group, Codel will oversee the business and strategic direction of the companys home lending operation, which includes 45,000 team members. Heid will... More