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Wells Fargo Wealth CEO earns more than $10m 2023
Other - FEBRUARY 29, 2024

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Wells Fargo Wealth CEO earns more than $10m 2023

by Andrea Zander

Barry Sommers, who leads Wells Fargo & Co.’s Wealth & Investment Management division, has received a $10.25 million pay package for 2023, according to AdvisorHub. It places him among the five highest-paid executives in the bank.

Sommers, who joined Wells as CEO of its wealth division in 2020 after being at JPMorgan Chase & Co.’s traditional brokerage unit, earned most of his pay from cash and stock awards. He was granted $1.75 million in salary, $2.55 million in an annual cash bonus, $2.97 million in performance share awards and $2.97 million in restricted share rights.

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