Most Powerful Women

Rank
43
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Mary Mack

Courtesy of Wells Fargo
  • Title
    Senior EVP and Head of Community Banking
  • Affiliation
    Wells Fargo
  • Age
    53

The former head of Wells ­Fargo’s brokerage business, Mack was named to run the company’s community banking arm in July, replacing the retiring Carrie Tol­stedt. That puts Mack in charge of the largest retail bank chain in the U.S., with more than 6,000 branches in 39 states and D.C., along with 94,000 employees. Though online banking and low interest rates have caused other banks to close sites, Wells Fargo has defended its expansion. Still, the $49.3 billion division’s profits fell 1.4%, to $13.5 billion, in 2015.

Personal Information

Previous Rank-
Newcomer?Yes

Company Financials (2015, or most recently completed fiscal year)

Revenues ($B)861
Profits ($B)23
Market Value as of 8/26/16 ($M)244759