– USA, CA – Wells Fargo & Company (NYSE: WFC) today announced the election of Steve Black as Chairman of the Board of Directors, effective immediately, succeeding Charles Noski who will retire as chairman and a board member. Noski has stepped down as chairman, and he will remain as a director until he retires on Sept. 30, 2021.
“We are fortunate to have Steve as our new chairman. I am looking forward to working closely with Steve and Wayne in their new leadership roles, as well as with the entire Wells Fargo board, as we continue to make progress on changes that will enable us to reach our full potential.” said CEO, Charlie Scharf.
Noski commented, “It has been a privilege to serve as the chairman of Wells Fargo’s board. I thank our shareholders for their support, and my fellow directors and our talented management team for their hard work and dedication on behalf of Wells Fargo and its shareholders.”
About Steve Black
Steve Black who was appointed to Wel Fargo’s Board in April 2020, has over 45 years of financial services experience with some of the largest financial institutions in the world and has served as co-CEO of Bregal Investments, a private equity firm, since September 2012.
Steve Black said, “Since I joined the board in 2020, Chuck has worked tirelessly to lead the board in support of the goal of making Wells Fargo the preeminent provider of financial services in the U.S. I am honored to continue the work and appreciate the support of my fellow directors in this role.”
About Wells Fargo
Wells Fargo & Company 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 the 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.
For more information: https://www.wellsfargo.com/
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