HALISTER: Wells Fargo CEO Says Board Will Make More Changes to Membership

Wells Fargo CEO Says Board Will Make More Changes to Membership

(Bloomberg) -- Wells Fargo’s Tim Sloan tells Bloomberg TV bank’s board will continue to change as board members retire.
  • “We have two directors who are retiring in a year. We’re going to be bringing on new board members to replace them,” Sloan said on sidelines of Milken Institute conference
  • Sloan said firm “heard shareholders say they were dissatisifed” with board’s actions
  • Note, April 25: Wells Fargo Board Scrapes Through Election at Tough Meeting
  • Note, April 25: Inside Wells Fargo’s Raucous Annual Meeting (Video)

Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
WFC US (Wells Fargo & Co)

People
Timothy Sloan (Wells Fargo & Co)

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