Mark A. Chancy joins Wells Fargo’s Board of Directors

Maria Nikolova

Mr Chancy will serve on the board’s Audit Committee and Risk Committee.

Wells Fargo & Company (NYSE:WFC) announced today that Mark A. Chancy has been elected to the company’s Board of Directors with immediate effect. Mr Chancy will serve on the board’s Audit Committee and Risk Committee.

Mr Chancy was most recently vice chairman and co-chief operating officer at SunTrust Banks, Inc., where he led SunTrust’s consumer segment, which included consumer banking, mortgage and consumer lending, private wealth management, deposits and virtual channels, and consumer operations. He has more than 30 years of banking and financial services experience, including 18 years at SunTrust where he served in a broad range of leadership roles spanning consumer and commercial banking, investment banking, and financial management until retiring in December 2019.

Mr Chancy serves on the board of directors of EVO Payments Inc.

He received his MBA in finance from Northwestern University’s J.L. Kellogg Graduate School of Management, and his BBA in finance from Southern Methodist University.

“Mark brings an impressive combination of business, operational, and finance experience in the banking industry to our board,” said Wells Fargo CEO Charlie Scharf. “His leadership of consumer and commercial businesses, his experience as a chief financial officer, including during the 2008 financial crisis, and his strategic expertise will provide valuable insight to our board.”

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