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Santos served as head of Diverse Segments, Representation and Inclusion (DSRI) since joining the bank in November 2020.
He succeeds Mike Weinbach, who plans to leave Wells Fargo in mid-September.
The fourth-largest U.S. lender reports second quarter results on Friday. Analysts are expecting a 42% decline in the bank’s profit, according to estimates from Refinitiv IBES.
Santos will report to Chief Executive Officer Charlie Scharf and will continue to serve as a member of the company’s Operating Committee. He will also serve in his previous role till the company finds a replacement, according to a company statement.
