Howard V. Richardson Elected to the Board of Wells Fargo & Company
SAN FRANCISCO -- November 28, 2012
Wells Fargo & Company (NYSE:WFC) today said that its board of directors has
elected Howard V. “Rick” Richardson, a retired partner of
PricewaterhouseCoopers LLP (PwC), to the company’s board of directors,
effective January 1, 2013.
Richardson will serve on the board’s Audit and Examination Committee. His
election increases the size of the company’s board to 16 directors.
“Rick Richardson served PwC for over three decades in a wide range of
leadership, audit, and business advisory positions, including as the lead
engagement partner for several of PwC’s largest financial services clients,”
said John Stumpf, Wells Fargo's chairman and CEO. “Wells Fargo is very
fortunate to add Mr. Richardson and his vast knowledge of the financial
services industry to the board, and we welcome him to Wells Fargo.”
“I am delighted to join Wells Fargo’s board,” Richardson said. “I spent my
entire career at PwC working closely with senior management teams, boards of
directors, and audit committees of large U.S. and international financial
services firms and I am excited about the opportunity to bring my experience
to Wells Fargo, which is among the most successful financial services
companies in the world.”
“Mr. Richardson has extensive financial, accounting, bank regulatory, and risk
management expertise, as well as valuable experience assisting financial
services companies navigate complex operating environments,” said Stephen W.
Sanger, lead director of Wells Fargo's board and chair of its Governance and
Nominating Committee. “The board will benefit from his insight and perspective
and looks forward to working with him.”
Prior to retiring in 2011, Richardson held a variety of positions with PwC,
including U.S. Financial Services and Banking leader from 1996 to 2000 and
Global Banking/Capital Markets leader from 1998 to 2002. Richardson joined PwC
in 1976 and became a partner in 1988. He was the lead engagement partner or
advisory partner for some of PwC’s largest financial services clients,
including large bank holding companies, investment management firms,
broker-dealers, and insurance companies. He is a member of the American
Institute of Certified Public Accountants (AICPA) and served on the AICPA
Banking Committee’s Regulatory Task Force from 1992 to 1995. He graduated from
Duke University and received a M.S. degree from Boston University (London
campus). Richardson serves as a senior advisor and member of the Strategic
Planning Committee of the Ronald McDonald House of New York.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified,
community-based financial services company with $1.4 trillion in assets.
Founded in 1852 and headquartered in San Francisco, Wells Fargo provides
banking, insurance, investments, mortgage, and consumer and commercial finance
through more than 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com),
and has offices in more than 35 countries to support the bank’s customers who
conduct business in the global economy. With approximately 265,000 full-time
equivalent team members, Wells Fargo serves one in three households in the
United States. Wells Fargo & Company was ranked No. 26 on Fortune’s 2012
rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy
all our customers’ financial needs and help them succeed financially.
Wells Fargo & Company
Ancel Martinez, 415-222-3858 (Media)
Jim Rowe, 415-396-8216 (Investors)
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