Wells Fargo & Company (NYSE:WFC) announced today that Tim Sloan has been
named the companys chief administrative officer, a new position that
reports directly to Chairman, President and Chief Executive Officer John
G. Stumpf. Effective immediately, the functions of Corporate
Communications, Corporate Social Responsibility, Enterprise Marketing,
Government Relations and Human Resources will report to Sloan as he
assumes leadership of the companys brand, reputation management,
stakeholder engagement and people development efforts.
“Tim has demonstrated the kind of business acumen and leadership that
inspires teams to higher levels of performance”
An executive vice president of the company, Sloan has served most
recently as Wells Fargos head of Commercial Banking, Real Estate and
Specialized Financial Services. In that role, Sloan oversaw operations
within the Wholesale Banking group that provided credit and non-credit
products and services to more than 40,000 customers worldwide. His
groups included more than 25 distinct businesses with more than $200
billion in assets, operating out of more than 440 offices in 40 states
and in Asia, Canada and London. Those business lines will remain in
Wholesale Banking.
Tim has demonstrated the kind of business acumen and leadership that
inspires teams to higher levels of performance, said Stumpf. He is a
trustworthy and effective ambassador for the company, having cultivated
long-term relationships with many valued clients. He listens, as well as
leads, and he lives Wells Fargos customer-focused culture. These
qualities make him the right individual to lead a more holistic approach
to how we communicate our brand, engage with the communities we serve
and develop our people. His selection and this reorganization fully
reflect our view that Wells Fargos profile and opportunities,
especially in light of our historic merger with Wachovia, are poised to
grow.
With more than 25 years of experience in corporate, commercial and real
estate banking, Sloan assumed his current role in 2006. From 1997 until
2006, he was the group head of Specialized Financial Services. From 1994
to 1997, he was executive vice president and division manager of the
Real Estate Merchant Banking division within the Capital Markets group.
He joined Wells Fargo in 1987 after working three years at Continental
Bank in Chicago.
Sloan serves on the boards of Overseers of the Huntington Library and
the Jardin de la Infancia Charter school, and as an associate trustee of
the San Marino Schools Foundation. A graduate of the University of
Michigan, Sloan holds bachelors degrees in economics and history and an
M.B.A. in finance and accounting, and serves on the universitys Ross
School of Business Corporate Advisory Board. Sloan was born in
Cleveland, raised in suburban Detroit and currently lives in San Marino,
Calif. with his wife and three children.
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified,
community-based financial services company with $1.2 trillion in assets.
Founded in 1852 and headquartered in San Francisco, Wells Fargo provides
banking, insurance, investments, mortgage, and consumer and commercial
finance through more than 10,000 banking stores, 12,000 ATMs, the
Internet (wellsfargo.com and wachovia.com), and other distribution
channels across North America and internationally. With more than
278,000 team members, Wells Fargo serves one in three households in
America. Wells Fargo & Company was ranked #19 on Fortunes
2009 rankings of Americas largest corporations. Wells Fargos vision is
to satisfy all our customers financial needs and help them succeed
financially.
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Source: Business Wire