Wells Fargo (NYSE:WFC) CFO Shocks Company, Suddenly Resigns

A key member of Wells Fargo's (NYSE:WFC) which helped guide them through the financial crisis while helping the company to expand, has surprised the company, stepping down from his position, effective immediately.

Wells Fargo said Chief Financial Officer Howard Atkins left the company for personal reasons, not giving any details. Succeeding Atkins immediately was Chief Administrative Officer Timothy Sloan

Chairman and Chief Executive Officer John Stumpf said in a press release, "We understand Howard's decision to retire. He leaves behind a Wells Fargo that remains financially strong."

The value of the talented CFO can't be understated, and it'll be tough to replace what he did and has been able to to for the giant bank.

Atkins has officially been placed on an unpaid leave of absence until he becomes eligible for retirement on August 6.

He has been with Wells Fargo since 2001.