Wells Fargo & Co. announced Richard Levy, executive vice president and chief accounting officer, has decided to retire after 18 years with the company.

Levy will remain with Wells Fargo through March 31.

Muneera Carr, who joined Wells Fargo in January as executive vice president and controller and reports to Levy, will succeed Levy as chief accounting officer, reporting to CFO John Shrewsberry. Carr will continue to serve as controller, managing corporate tax, accounting and reporting, as well as supporting other activities such as financial controls and oversight policies and processes.