Wells Fargo Announces Preliminary Voting Results of 2022 Annual Meeting of Shareholders
April 26 2022 - 12:45PM
Business Wire
Shareholders elect 14 directors including three new independent
directors
Wells Fargo & Company (NYSE: WFC) announced today that its
shareholders elected as directors the 14 nominees named in the
company’s proxy statement, including three new independent
directors: Richard K. Davis, CeCelia “CeCe” G. Morken, and Felicia
F. Norwood.
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Wells Fargo (Photo: Wells Fargo)
“We are pleased to welcome Richard, CeCe, and Felicia to the
board,” said Wells Fargo CEO Charlie Scharf. “They bring a wealth
of experience and capabilities to the board’s work. Each will play
an important role in our continued work to transform the
company.”
“Richard, CeCe, and Felicia bring an impressive combination of
leadership experience, financial acumen, strategic thinking, and
corporate governance knowledge to our board,” said Steven Black,
Wells Fargo’s chairman of the board. “We are fortunate to be able
to add their valuable insights to the board.”
In addition, shareholders approved an advisory proposal on
executive compensation and the company’s 2022 long-term incentive
plan. Shareholders also ratified the appointment of KPMG LLP as the
company’s independent registered public accounting firm for 2022.
Shareholders did not approve the seven shareholder proposals
presented at the meeting.
The final voting results will be reported on a Form 8-K that
will be filed with the Securities and Exchange Commission (SEC) and
will be available on the SEC’s website at www.sec.gov.
Biographical information
Richard K. Davis
Davis is the President and CEO of Make-A-Wish America (a
nonprofit organization), a role he has held since 2019. He is the
former Executive Chairman and retired CEO of U.S. Bancorp, parent
company of U.S. Bank, one of the largest commercial banks in the
United States. Davis served as Executive Chairman from December
2007 to April 2018, CEO from December 2006 to April 2017, and held
various other executive positions at U.S. Bancorp including
President and Chief Operating Officer. Davis currently serves on
the Board of Trustees of Mayo Clinic. He also serves on the
Mastercard Incorporated Board of Directors (since June 2018) and as
Lead Director and Audit Committee Chair on the Dow Inc. Board of
Directors.
CeCelia “CeCe” G. Morken
Morken most recently served as CEO of Headspace, a leading
provider of digital mental wellness services, from January 2021
until January 2022, when the company merged with an online mental
health platform and she retired. She previously served as
Headspace’s President and Chief Operating Officer from April 2020
to January 2021. Prior to that, Morken held a variety of senior
roles at Intuit Inc., a global technology platform, from 2007 to
2020, including as EVP and General Manager of Strategic
Partnerships from 2017 to 2020, and EVP and General Manager of the
ProConnect Group, Intuit’s accountant division, from 2013 to 2017.
Morken currently serves on the board of directors of Alteryx, Inc.
(since 2021) and Genpact Ltd (since 2016).
Felicia F. Norwood
Since 2018, Norwood has served as the EVP and President,
Government Business Division, of Anthem, Inc., a health company,
where she is responsible for the profit and loss, setting the
strategic direction and all operations related to the company’s
Medicaid, Medicare and Federal Government Solutions businesses.
Before joining Anthem, Norwood worked as the director of the
Illinois Department of Healthcare and Family Services, a government
department responsible for providing healthcare, from 2015 to 2018.
Norwood’s career also includes 19 years with Aetna, Inc. from 1994
to 2013, most recently as President, Mid-America Region. She
previously served on the board of directors of Hill-Rom Holdings
Inc. from 2020 to 2021.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial
services company that has approximately $1.9 trillion in assets,
proudly serves one in three U.S. households and more than 10% of
small businesses in the U.S., and is a leading middle market
banking provider in the U.S. We provide a diversified set of
banking, investment and mortgage products and services, as well as
consumer and commercial finance, through our four reportable
operating segments: Consumer Banking and Lending, Commercial
Banking, Corporate and Investment Banking, and Wealth &
Investment Management. Wells Fargo ranked No. 37 on Fortune’s 2021
rankings of America’s largest corporations. In the communities we
serve, the company focuses its social impact on building a
sustainable, inclusive future for all by supporting housing
affordability, small business growth, financial health, and a
low-carbon economy. 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
News Release Category: WF-CF
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version on businesswire.com: https://www.businesswire.com/news/home/20220426006042/en/
Media Beth Richek, 704-374-2545
Beth.Richek@wellsfargo.com
Investor Relations John Campbell, 415-396-0523
john.m.campbell@wellsfargo.com
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