Wells Fargo appoint Bill Mayer

Wells Fargo & Company has announced that Bill Mayer is to become head of its equipment finance group, the second largest bank-affiliated equipment leasing and finance business in the US.

Mayer succeeds John McQueen, a 21-year company veteran who announced his retirement earlier this year, and will report to Ed Blakey, head of specialized lending, servicing and trust. McQueen will stay until the end of the year to help with the transition.

“Bill is a proven industry leader with the diverse set of skills necessary to lead our equipment finance group,” said Blakey. “I’m confident that he will advance our position as an industry leader in equipment financing and continue to improve efficiencies while providing the best possible service to our customers.”

Mayer has been with Wells Fargo for 12 years, most recently in the lender’s wholesale credit group. He was previously president of the commercial and retail finance group at Wells Fargo Capital Finance. Before joining Wells Fargo, Mayer held a number of leadership positions at GE Capital’s commercial finance group and retailer financial services business.