Wells Fargo Forms New Stakeholder Relations Group
July 06 2017 - 4:00PM
Business Wire
Investor Relations head Jim Rowe promoted to
lead new organization
Wells Fargo & Company (NYSE:WFC) announced today that it has
created a new Stakeholder Relations group to foster a more
integrated approach to engaging with its key stakeholders.
Executive Vice President and Director of Investor Relations Jim
Rowe, a 12-year veteran of Wells Fargo, has been promoted to lead
the new group. Stakeholder Relations will be a part of the
company’s Chief Administrative Office, led by Hope Hardison.
“As Wells Fargo continues to focus on rebuilding trust and
building a better bank, it’s more important than ever that our key
stakeholder relationships and strategies are well integrated,” said
Hardison. “During a decade in Investor Relations, Jim has become a
trusted leader at Wells Fargo. His knowledge of our businesses and
proven ability to partner across the company make him ideal to
advance our efforts to create an aggregated stakeholder view.”
The new Stakeholder Relations group will include Investor
Relations (IR), which moves from Enterprise Finance &
Information Technology, as well as Corporate Communications and
Government Relations & Public Policy (GRPP).
“Corporate Communications and GRPP have played critical roles
over the past months, at a time when engaging with stakeholders and
telling Wells Fargo’s story have been so important. Bringing these
groups together with IR builds on our strengths,” said
Hardison.
The Stakeholder Relations group will partner with other groups
in the company to build and execute a comprehensive,
fully-integrated stakeholder relations program.
“Creating the Stakeholder Relations function—and making IR a
part of it—will allow us to better coordinate across all of our key
stakeholder groups, while maintaining IR’s deep partnership with
the finance organization and across the company,” said John
Shrewsberry, chief financial officer. “Under Jim’s leadership, we
have developed a best-in-class IR team, and this transition will be
seamless for our investors and analysts.”
These changes are effective immediately. Rowe is in the process
of naming a new director of Investor Relations, and he will
continue to run the function in the interim in addition to his new
responsibilities.
About Wells Fargo
Wells Fargo & Company (NYSE:WFC) is a diversified,
community-based financial services company with $2.0 trillion in
assets. Wells Fargo’s vision is to satisfy our customers’ financial
needs and help them succeed financially. Founded in 1852 and
headquartered in San Francisco, Wells Fargo provides banking,
insurance, investments, mortgage, and consumer and commercial
finance through more than 8,500 locations, 13,000 ATMs, the
internet (wellsfargo.com) and mobile banking, and has offices in 42
countries and territories to support customers who conduct business
in the global economy. With approximately 273,000 team members,
Wells Fargo serves one in three households in the United States.
Wells Fargo & Company was ranked No. 25 on Fortune’s 2017
rankings of America’s largest corporations. News, insights and
perspectives from Wells Fargo are also available at Wells Fargo
Stories.
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version on businesswire.com: http://www.businesswire.com/news/home/20170706006140/en/
MediaDiana Rodriguez,
626-583-4000diana.a.rodriguez@wellsfargo.comorInvestorsJim
Rowe, 415-396-8216jim.rowe@wellsfargo.com
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