John Stumpf | |
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Born | [1] Pierz, Minnesota, U.S. | September 15, 1953
Education | St. Cloud State University (BS) University of Minnesota (MBA) |
Known for | Involvement in Wells Fargo account fraud scandal |
Board member of | The Clearing House, Financial Services Roundtable, Chevron |
John Gerard Stumpf (born September 15, 1953)[2] is an American business executive and retail banker. He was the chairman and chief executive officer of Wells Fargo, one of the Big Four banks of the United States. He was named CEO in June 2007, elected to the board of directors in June 2006, and named president in August 2005. He became chairman in January 2010. Stumpf resigned as chairman and CEO of Wells Fargo on October 12, 2016, after a scandal involving customer accounts and subsequent pressure from the public and lawmakers. He was succeeded by Timothy J. Sloan.