Wells Fargo Vice Chairwoman to Succeed Departing Chairman
ByAfter a turbulent and scandal-filled year at Wells Fargo, the bank’s chairman is headed for the exit.
Stephen W. Sanger, 71, will retire at the end of the year and will be succeeded by Elizabeth A. Duke, 65, a former Federal Reserve Board governor. Ms. Duke joined the Wells Fargo board in 2015 and became its vice chairwoman last year. She was the board’s unanimous choice to take over, Mr. Sanger said on Tuesday in a statement announcing the changes.
Mr. Sanger will leave the board in December, with two other directors, Cynthia H. Milligan and Susan G. Swenson, who both joined the board in the 1990s. Juan A. Pujadas, a retired PricewaterhouseCoopers executive, will join the board next month…
Wells Fargo Vice Chairwoman to Succeed Departing Chairman
