John Stumpf Resigns From Boards of Target and Chevron
October 18 2016 - 5:30PM
Dow Jones News
John Stumpf, who stepped down as Wells Fargo & Co. Chairman
and Chief Executive last week, has resigned from the boards of
Target Corp. and Chevron Corp., effective immediately.
Mr. Stumpf left Wells Fargo after criticism of the bank's sales
practices.
Chevron said in a filing that he left the board "for personal
reasons and not as a result of a disagreement with Chevron."
According to the Tuesday filings, he notified Chevron and Target of
his resignations on Monday.
According to Wells Fargo's latest proxy statement, Chevron and
Target were Mr. Stumpf's only outside board seats.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
October 18, 2016 17:15 ET (21:15 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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