ALBUQUERQUE, N.M. — Lisa Riley, Wells Fargo’s regional president for New Mexico and El Paso for nearly eight years, has moved on to a new leadership position for the bank in central Arizona, a spokesman confirmed Monday.
David Hockmuth has replaced Riley as the state’s region bank president as part of a larger management shakeup meant to put bank executives closer to customers.
The leadership changes are effective immediately, said Mike English, a spokesman for Wells in New Mexico.
Wells Fargo is consolidating its regional president and area president roles into a new position called region bank president. The move reduces 160 positions across the country to 90 positions.