Jim Renner, who has headed Wells Fargo & Co's equipment leasing and finance business for the past 13 years, announced his resignation, effective at year-end. Renner will be succeeded be John McQueen, who has been with Wells Fargo for 12 years. McQueen will report to Tim Sloan, who heads the specialized financial services division.
McQueen will be responsible for the 40 locations and 375 employees nationwide who make up Wells Fargo Equipment Finance, Inc. in the U.S. and Canada. McQueen currently serves as executive vice president and chief operating officer of Wells Fargo Equipment Finance, a position he has held since 2003.