Wells Fargo, the San Francisco-based bank with $1.3 trillion in assets and $131 billion in 2009 revenue, named Timothy Sloan CFO. He succeeds Howard Atkins, the bank's CFO since 2001, who is taking a leave of absence and will retire in August. Sloan, 50, most recently was Wells' chief administrative officer and senior executive vice president. Earlier, he served as head of commercial banking, real estate and specialized financial services, overseeing more than 25 lines of business. Sloan has worked at the bank for 23 years.
Boeing Co., the $68 billion aerospace and defense contractor, named Robert Verbeck CFO of its $34 billion Boeing Defense, Space & Security division. He replaces Randy Simmons, who is retiring. Verbeck, 51, most recently was CFO for Boeing's military aircraft business unit. Earlier, he served as controller of the Defense, Space and Security division and program manager for its U.K. tanker program. Verbeck joined Boeing in 1986 when it acquired McDonnell Douglas. He began his career as a steelworker.