Embattled Wells Fargo CEO John Stumpf Resigns

In a sudden although not unexpected move, Wells Fargo (NYSE: WFC) Chairman and CEO John Stumpf has stepped down from both positions, effective immediately. The company’s board of directors elected former COO Tim Sloan to replace him. Sloan had also served as the bank’s president, a title he is retaining as CEO. …read more

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Category: WFC

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