Wells Fargo Names Otis Rolley as Head of Social Impact
July 06 2022 - 9:02AM
Business Wire
Rolley joins Wells Fargo from The Rockefeller Foundation where
he led grant-making, racial equity, and community-based
initiatives
Wells Fargo & Company (NYSE: WFC) announced today that Otis
Rolley is joining the company as head of Social Impact, leading
community engagement and enterprise philanthropy, including the
Wells Fargo Foundation. Rolley will report to Bill Daley, vice
chairman of Public Affairs, effective August 1.
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Otis Rolley is named head of Social
Impact at Wells Fargo, leading enterprise philanthropy and
community engagement including the Wells Fargo Foundation. (Photo:
Wells Fargo)
Rolley was most recently a member of the senior leadership team
and head of U.S. Equity and Economic Opportunity Initiative at The
Rockefeller Foundation, one of the oldest and most distinguished
global philanthropic organizations. In this role, Rolley managed
grant-making and investments focused on economic stability,
mobility, and innovation for low-wage workers and communities, with
a focus on serving Black and Latino individuals, people of color,
and women. Prior to his current role at Rockefeller, he led the
North American portfolio of cities for 100 Resilient Cities (now
the Resilient Cities Network), a global Rockefeller initiative to
advance systemic change through strategic human and financial
investment in municipal government and community leadership. Rolley
led a team that connected cities’ municipal, civic, philanthropic,
and community leadership with tools, technical assistance, and
resources to fund, implement, track, and evaluate urban economic
and environmental resilience strategy initiatives.
“Otis brings decades of expertise in creating social impact and
advancing racial equity, as well as operational knowledge in
running a large-scale philanthropic foundation,” said Bill Daley,
vice chairman of Public Affairs at Wells Fargo. “With our strategic
focus on housing affordability, small business growth, financial
health, and a sustainable future, we are excited to have Otis lead
a dedicated team on these critical societal issues.”
Prior to joining The Rockefeller Foundation, Rolley was the
president and CEO of the Newark Community Economic Development
Corporation (now Invest Newark), the economic development
corporation for New Jersey’s largest city, responsible for driving
wealth creation through small business expansion, commercial real
estate, and entrepreneurship. In addition, Rolley has held
leadership roles in the for-profit and nonprofit sectors spanning
human services, transportation, urban planning, city government,
and housing. In particular, he spent nearly 10 years advancing
housing affordability and community and economic development policy
with the City of Baltimore, including as deputy commissioner for
the Department of Housing and Community Development, first deputy
commissioner of the Housing Authority of Baltimore City, and
director of the Baltimore Planning Department.
Rolley holds a Bachelor of Arts from Rutgers University and a
Master in City Planning from the Massachusetts Institute of
Technology.
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.
WF-PESG: Philanthropy & ESG
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Wells Fargo Kim Erlichson 201-463-4243
Kim.Erlichson@wellsfargo.com
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