The Wells Fargo & Company board of directors has elected
banking industry professionals Karen Peetz and Ronald Sargent as new
independent directors.
Peetz, the retired president of The Bank of New York, brings
35 years of experience to the Wells Fargo board. She will serve on the Finance
and Human Resources committees.
Sargent, the retired chairman and CEO of Staples Inc., spent
more than 27 years at the company in a variety of leadership positions. Before
joining Staples, he spent 10 years at The Kroger Co. He will serve on the
Governance and Nominating Committee as well as the Human Resources Committee.
“We are very pleased to add these two exceptional leaders to
our board,” Chairman of the Board Stephen Sanger said. “Karen will
provide particular expertise in financial services, client services, and
regulatory matters, while Ron brings deep experience in consumer retail and
marketing, as well as in the management of a large workforce serving customers
globally through a variety of channels. These new perspectives will make an
important contribution to the Board’s oversight of Wells Fargo and help ensure
that we continue to move in the right direction to restore the trust of our
customers and create value for our shareholders.”
