Mark A. Chancy Elected to Wells Fargo’s Board of Directors
21 August 2020 - 11:00PM
Business Wire
Wells Fargo & Company (NYSE: WFC) announced today that Mark
A. Chancy has been elected to the company’s board of directors,
effective immediately. Chancy will serve on the board’s Audit
Committee and Risk Committee.
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. Chancy 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.
“We are delighted to welcome Mark to the board,” said Charles
Noski, Wells Fargo’s chairman of the board. “He is an experienced
banker with risk and regulatory expertise, a deep financial
services background, a record of proven business results, and a
customer-first mindset.”
“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.”
Biographical information
Chancy served as vice chairman and consumer segment executive of
SunTrust from April 2017 and co-chief operating officer from
February 2018 until he retired in December 2019. Previously, Chancy
led the wholesale banking segment from April 2011 to April 2017,
which included corporate and investment banking, commercial and
business banking, commercial real estate, and treasury and payment
solutions. Chancy served as chief financial officer of SunTrust
from August 2004 to April 2011, which included oversight of the
treasury, investor relations, strategic finance, controllers,
mergers and acquisitions, tax, and insurance functions. He also
previously served as treasurer of SunTrust and CFO of The
Robinson-Humphrey Company Inc., which was purchased by SunTrust in
2001.
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.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified,
community-based financial services company with $1.97 trillion in
assets. Wells Fargo’s vision is to satisfy our customers’ financial
needs and help them succeed financially. Founded in 1852 and
headquartered in San Francisco, Wells Fargo provides banking,
investment and mortgage products and services, as well as consumer
and commercial finance, through 7,300 locations, more than 13,000
ATMs, the internet (wellsfargo.com) and mobile banking, and has
offices in 31 countries and territories to support customers who
conduct business in the global economy. With approximately 266,000
team members, Wells Fargo serves one in three households in the
United States. Wells Fargo & Company was ranked No. 30 on
Fortune’s 2020 rankings of America’s largest corporations.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200821005101/en/
Media Arati Randolph, 704-383-6996
Arati.Randolph1@wellsfargo.com Jennifer Langan, 213-598-1490
Jennifer.L.Langan@wellsfargo.com or Investor Relations John
Campbell, 415-396-0523 John.M.Campbell@wellsfargo.com
Wells Fargo (NYSE:WFC)
Historical Stock Chart
From Apr 2024 to May 2024
Wells Fargo (NYSE:WFC)
Historical Stock Chart
From May 2023 to May 2024