Key facts
- John Manning, head of commercial banking market coverage at Wells Fargo, will retire at year-end.
- Rob Biodrowski will succeed Manning as head of commercial banking market coverage.
- Biodrowski will assume the new role in November.
John Manning, executive vice president and head of commercial banking market coverage at Wells Fargo, will retire at the end of the year after more than 40 years in financial services. Rob Biodrowski will succeed Manning starting in November.

The leadership transition in Wells Fargo's commercial banking division may signal shifts in strategy or client focus for a significant segment of the bank's business, impacting companies that rely on its services.
Wells Fargo announced that John Manning, executive vice president and head of commercial banking market coverage, will retire at the end of the year. Manning's career in financial services spanned over 40 years, with more than three decades at Wells Fargo. Rob Biodrowski, currently the division executive for the U.S. Midwest within Wells Fargo commercial banking, will take over the role in November. Biodrowski brings over 20 years of experience in commercial and investment banking leadership roles. In his new position, Biodrowski will lead a team of over 2,000 bankers serving clients in the U.S. and Canada. The market coverage division typically serves companies with annual revenues between $25 million and $2 billion across various industries.