David carroll wells fargo bio

(Adds comments from Carroll and Sloan, details on Carroll's career)

By Dan Freed

June 1 (Reuters) - Longtime Wells Fargo & Co executive David Carroll will retire from his role as head of wealth and investment management next month, saying on Thursday he is leaving because he wants to pursue "another chapter in my life."

His departure after 38 years with Wells Fargo or its predecessor comes as the third-largest U.S.

bank is trying to recover from a sales scandal that has tarnished its once-pristine reputation, and months after Wells named a new chief executive, limiting opportunities for other members of its leadership team.

Carroll, 60, will be replaced by Jonathan Weiss, 59, who currently heads Wells Fargo's investment banking business, the bank said.

Carroll's retirement is effective July 1, but he will remain with the company until July 31 to make sure the transition goes smoothly.

Perry Pelos, who heads the wholesale banking business, expects to announce plan