The CEO of Wells Fargo

Chairman, President and CEO Wells Fargo & Company

John Stumpf became Chairman for Wells Fargo & Company in January 2010. He was named Chief Executive Officer in June 2007, elected to Wells Fargo’s Board of Directors in June 2006, and has been President since August 2005.


He is a 28 year veteran of the company. in 1982 Stumpf was in the loan administration department and then became senior vice president and chief credit officer for Norwest Bank, N.A., Minneapolis. He was then named regional president for Norwest Banks in Colorado/Arizona in 1991. From  there in 1994 to 1998, he was regional president for Norwest Bank Texas. During the four years in that position.


In 1998, he became head of the Southwestern Banking Group (Arizona, New Mexico and Texas). Then two years later he became head of the new Western Banking Group (Arizona, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming). And  in 2000, he led the integration of Wells Fargo’s acquisition of the $23 billion First Security Corporation, based in Salt Lake City. In May 2002, he was named Group EVP of Community Banking. In December 2008, he led one of the largest mergers in history with the purchase of Wachovia.


Stumpf serves on the Board of Directors for The Clearing House, the Financial Services Round table, Target Corporation and Chevron Corporation.

Stumpf is a Minnesota native, who earned his bachelor’s degree in the finance from St. Cloud State University and got his MBA with an emphasis in finance from the University of Minnesota.