Wells Fargo's embattled CEO John Stumpf has resigned, effective immediately, as the nation's second-largest bank is roiled by a scandal over its sales practices. Wells Fargo, under CEO John Stumpf, had avoided big banking scandals by the likes of Goldman Sachs and J.P. Morgan. John Stumpf, the embattled CEO of Wells Fargo, retired from the company immediately. Wells Fargo & Co. Chief Executive Officer John Stumpf, fighting to keep his job amid a national political furor, Stumpf has been CEO since 2007 and was at the helm the entire time that the phony accounts scandal was taking place at the bank. Learn more. Oct. 12, 2016: Wells Fargo CEO John Stumpf resigns amid intense criticism over the accounts scandal. He is replaced by Wells Fargo: Provider of banking, mortgage, investing, credit card, insurance, and personal, small business, and commercial financial services. Wells Fargo lost market share in Charlotte, NC, for another year in a row, according to new Federal Deposit Insurance Corporation deposit data. John Gerard Stumpf (born September 15, 1953) is an American business executive and retail banker. The new report from the Wells Fargo board says former CEO John Stumpf was "too late and too slow to call for inspection" of the accounts scandal. Here's some info we dug up that can help you contact some higher ups at Wells Fargo if you've tried regular customer service and escalating to supervisors and it's not Why does John Stumpf still have a job? Wells Fargo Why Is Wells Fargo CEO John Stumpf Making These 3 Major Mistakes? Wells Fargo has fired one of its most powerful executives for misconduct. Credit There was no way around it. Get access to treasury management, foreign exchange, trust, investment, and other online financial services with the CEO portal. Wells Fargo said on Wednesday that Chairman and CEO John Stumpf will retire effective immediately in the wake of a sales scandal at the bank. Stumpf has been CEO since 2007 and was at the helm the entire time that the phony accounts scandal was taking place The words accept full responsibility shouldn't give Wells Fargo CEO John Stumpf and other bank executives a free pass. John Stumpf, Wells Fargos chief executive and chairman, waited Tuesday to answer questions from the Senate Banking Committee. John G. Stumpf is the Chairman, President, and CEO of Wells Fargo. How Wells Fargo is supporting customers and conducting fraud investigations Less than a month after Senator Elizabeth Warren called for his head, embattled Wells Fargo CEO John Stumpf is out. On Wednesday, the chairman and CEO of Wells Fargo (NYSE:WFC), John Stumpf, stepped down from his Wells Fargo CEO John Stumpf testifies before a Senate Banking Committee hearing on the firm's sales practices on Capitol Hill in Washington, U.S., September 20, 2016.