Steven D. Black Elected to Wells Fargo Board of Directors
April 28 2020 - 2:06PM
Business Wire
Wells Fargo & Company (NYSE: WFC) announced that its
shareholders elected Steven D. Black to the company’s Board of
Directors at its 2020 annual meeting of shareholders held earlier
today. Black has served as co-CEO of Bregal Investments, a private
equity firm, since September 2012.
Black has more than 45 years of financial services experience,
including at JPMorgan Chase & Co. where he served in leadership
positions in its investment banking business. At JPMorgan Chase, he
served as vice chairman from March 2010 to February 2011, and he
also was a member of the Operating and Executive Committees.
“We are pleased to welcome Steve to the board,” said Charles
Noski, Wells Fargo’s board chair. “Steve’s deep knowledge of the
financial services industry and financial markets, as well as his
expertise in strategy and solving problems gained from advising
clients all over the world, will bring valuable insight to our
board.”
During his time at JPMorgan Chase, Black held numerous roles
including Investment Bank executive chairman from 2009 to 2010;
co-CEO of the Investment Bank from 2004 to 2009; Investment Bank
deputy co-CEO from 2003 to 2004; and head of the Investment Bank’s
Global Equities business from 2000 to 2003. Prior to his time with
JPMorgan Chase, Black worked at Citigroup Inc. and its predecessor
companies.
“We are fortunate to be able to add Steve to the board,” said
Wells Fargo CEO Charlie Scharf. “Our board and management team are
working with a sense of urgency to drive important cultural and
structural changes at Wells Fargo, and I look forward to working
with Steve and the other directors to continue the transformation
of our company.”
Black serves on the board of Nasdaq, Inc. He received a bachelor
of arts degree in political science from Duke University.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified,
community-based financial services company with $1.98 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,
investment and mortgage products and services, as well as consumer
and commercial finance, through 7,400 locations, more than 13,000
ATMs, the internet (wellsfargo.com) and mobile banking, and has
offices in 31 countries and territories to support customers who
conduct business in the global economy. With approximately 263,000
team members, Wells Fargo serves one in three households in the
United States. Wells Fargo & Company was ranked No. 29 on
Fortune’s 2019 rankings of America’s largest corporations. News,
insights and perspectives from Wells Fargo are also available at
Wells Fargo Stories.
Additional information may be found at www.wellsfargo.com |
Twitter: @WellsFargo.
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version on businesswire.com: https://www.businesswire.com/news/home/20200428005882/en/
Media Arati Randolph, 704-383-6996
arati.randolph1@wellsfargo.com
Investor Relations John Campbell, 415-396-0523
john.m.campbell@wellsfargo.com
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