Wells Fargo Minnesota CEO Laurie Nordquist is retiring, according to the Minneapolis/St. Paul Business Journal.
Her last day in the position will be April 8. Nordquist, Wells Fargo’s lead region president for the Upper Midwest, started her career with the bank in 1990, when it was still Norwest. She was previously the head of the personal and small-business division and has been the co-head of the institutional retirement business. Nordquist has served in her current role since July 2018.
Ina Murray will replace Nordquist but remain based in Austin, Texas, and not take the Minnesota CEO title, according to the Business Journal. Wells Fargo is eliminating similar titles for market leaders.
In an interview to the Business Journal, Nordquist said she wanted to “reinforce how committed we are to the Twin Cities, despite the local headcount dropping to 15,000 from 20,000 several years ago. It’s a top market for us … I’m going to be a customer, so I’ll be cheering along the sidelines.”