Thomas R. Nides to Join Wells Fargo as Vice Chairman
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(Photo: Wells Fargo)
As Vice Chairman, Tom will have a broad role across the company. He will be a close advisor to Wells Fargo senior management on a range of issues, including banking and management, and he will work alongside the company’s business heads as it continues to expand client relationships. The company’s Public Affairs function – which includes Government Relations, Corporate Communications, Corporate Branding, Community Relations, the Wells Fargo Foundation, and other areas – will also report to Tom, tapping into his extensive knowledge and experience in public policy and corporate and social responsibility.
Nides has extensive experience in finance and public policy. He most recently served as the United States’ Ambassador to
Appointed by President Barack Obama, Tom served as Deputy Secretary of State and Chief Operating Officer of the
Tom’s time in the private sector began with roles in the investment banking division of Credit Suisse, as well as President and CEO of
“The breadth of Tom’s experience across the public and private sectors will be an important asset to Wells Fargo as we continue to move the company ahead,” CEO Charlie Scharf said. “The success of our transformation depends not only on the changes we make inside Wells Fargo, but on how we work with our stakeholders to bring those changes to life. Tom will be instrumental to that work.”
Tom Nides said, “I am excited to join Wells Fargo at this pivotal time in the company’s transformation journey. I look forward to working with the team to expand our products and services in new and exciting ways, and deepening our relationships with customers, government officials and the people we serve in our communities.”
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately
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News Release Category: WF-CF
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Source: Wells Fargo & Company