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Wells Fargo Names Otis Rolley as Head of Social Impact
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Wells Fargo (NYSE: WFC) announced the appointment of Otis Rolley as head of Social Impact, effective August 1. Previously at The Rockefeller Foundation, Rolley led initiatives focusing on economic stability and racial equity. He will oversee community engagement and enterprise philanthropy, including the Wells Fargo Foundation, and report to Bill Daley. Rolley brings extensive experience in economic development, having held significant roles in various sectors, including serving as the president and CEO of Newark Community Economic Development Corporation.
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Appointment of Otis Rolley as head of Social Impact, indicating a commitment to community engagement and philanthropic initiatives.
Rolley's experience in economic stability and racial equity could enhance Wells Fargo's strategic focus on social impact.
Wells Fargo aims to address critical societal issues such as housing affordability, small business growth, and financial health under Rolley's leadership.
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Rolley joins Wells Fargo from The Rockefeller Foundation where he led grant-making, racial equity, and community-based initiatives
SAN FRANCISCO--(BUSINESS WIRE)--
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.
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.
Otis Rolley joins Wells Fargo as head of Social Impact, overseeing community engagement and enterprise philanthropy effective August 1.
What experience does Otis Rolley bring to Wells Fargo?
Rolley has extensive experience in economic development, previously serving at The Rockefeller Foundation, focusing on economic stability and racial equity.
When does Otis Rolley start at Wells Fargo?
Otis Rolley is set to begin his role at Wells Fargo on August 1.
What are Wells Fargo's focus areas for social impact?
Wells Fargo's social impact focuses on housing affordability, small business growth, financial health, and sustainable futures.
What foundation will Otis Rolley lead at Wells Fargo?
Otis Rolley will lead the Wells Fargo Foundation as part of his role in social impact.
