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.
A 33-year veteran of the company, he joined the former Norwest Corporation in 1982 in the loan administration department. In 1998, with the merger of Norwest Corporation and Wells Fargo & Company, he became head of the Southwestern Banking Group and two years later was named head of the new Western Banking Group. In May 2002, he was named group executive vice president of community banking. In December 2008, he led one of the largest mergers in history with the purchase of Wachovia.
He serves on the board of directors for The Clearing House, the Financial Services Roundtable, Target Corporation, and Chevron Corporation. He also serves on the Federal Advisory Council of the Federal Reserve Board as the appointed representative of the Federal Reserve Bank of San Francisco.
A Minnesota native, he earned his Bachelor’s degree in finance from St. Cloud State University and his Master of Business Administration with an emphasis in finance from the University of Minnesota.