Amrita Patel to lead Wells Fargo Equipment Finance

Bill Mayer to retire after 34 years in the financial industry

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) announced Amrita Patel will lead Wells Fargo Equipment Finance (WFEF), which offers specialized financing for purchase, acquisition or leasing of assets pertaining to equipment, transportation and rental fleets, as well as comprehensive vendor and dealer programs. Patel will report to Mary Katherine DuBose, head of the bank’s secured lending and leasing businesses within Wells Fargo Commercial Banking.

Bill Mayer, who led WFEF since 2015, has announced his retirement after 34 years in financial services.

“Amrita’s experience, previous leadership roles and strong history of achieving outstanding results that brought value to both our business and our clients will serve her well as the head of WFEF,” said DuBose. “I am excited to welcome Amrita to a great group of leaders who are implementing innovative and creative financial solutions in today’s ever-changing economy.”

Previously, Patel was head of Process Transformation for Wells Fargo Commercial Capital where she drove change across its business lines through improved documentation, processes and controls to help transition the organization to a more innovative, sustainable-growth business model. Her efforts delivered greater efficiency and consistency, a better client experience, and enhanced risk management through continuous process improvement. Prior, Patel was national sales manager for the Commercial Vehicle Group, a division within Equipment Finance. Before joining Wells Fargo in 2018, Patel held numerous leadership positions over 18 years at GE Capital through various acquisitions, divestitures, and enterprise initiatives across the U.S. and internationally.

Patel, a Six Sigma black belt, holds a Bachelor of Science in business administration from the University of Florida – Warrington College of Business with a concentration in information systems and operations management.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets, proudly serves one in three U.S. households and more than 10% of small businesses in the U.S., and is a leading middle market banking provider in the U.S. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 41 on Fortune’s 2022 rankings of America’s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon footprint economy.

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News Release Category: WF-LO