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.
Riley, who grew up in Tucson and has been with Wells or its predecessors for nearly 30 years, came to New Mexico in 2009 from the Phoenix area, where she managed Wells’ community banking division.
Hockmuth has over 27 years of banking experience, 17 of those as an area president and district manager. With his new appointment, Hockmuth will oversee 87 branches and lead a team of over 900.
Hockmuth, who grew up in Albuquerque, attended Sandia High School. He attended New York University and graduated from the University of New Mexico’s Anderson School of Management and the Western States School of Banking.
Senior executive positions in Wells’ other banking divisions in New Mexico are not affected by the leadership restructuring.