Charles W. Scharf was appointed CEO in July 2017 and became Chairman after former CEO and Chairman Gerald Hassell retired at the end of 2017. Hassell had been Chairman and CEO since 2011, after serving as BNY Mellon's president from 2007 to 2012 and as the president of the Bank of New York from 1998 until its merger. Scharf stepped down in 2019 to become the new CEO of Wells Fargo. Thomas "Todd" Gibbons took over as the new CEO in 2020.