Exclusive: Wells Fargo taps headhunter Spencer Stuart to locate CEO that is new

Exclusive: Wells Fargo taps headhunter Spencer Stuart to locate CEO that is new

NYC (Reuters) – Wells Fargo & Co’s board has retained search that is executive Spencer Stuart to look for a brand new leader, preferably a lady who are able to tackle its regulatory and general general public perception dilemmas, a couple acquainted with the situation said.

Wells Fargo’s aspiration to be the actual only real major U.S. bank with a female CEO underscores the requirement to restore its image with a variety of constituents, including clients, investors, regulators and politicians, after it became mired in a scandal in 2016 for starting possibly scores of unauthorized records.

Previous CEO Tim Sloan left month that is abruptly last becoming the next CEO to keep the lender when you look at the scandal’s fallout. (بیشتر…)