Home Uncategorized Wells Fargo Announces Preliminary 2022 Annual Meeting of Shareholders Voting Results

Wells Fargo Announces Preliminary 2022 Annual Meeting of Shareholders Voting Results

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SAN FRANCISCO–(BUSINESS WIRE)–Wells Fargo & Company (NYSE: WFC) today announced that its shareholders have elected as directors the 14 nominees named in the company’s proxy statement, including three new independent directors: Richard K. Davis, CeCelia “CeCe” G. Morken and Felicia F. Norwood.

“We are delighted to welcome Richard, CeCe and Felicia to the board,” said Wells Fargo CEO Charlie Scharf. “They bring a wealth of experience and abilities to the work of the board. Each will play an important role in our ongoing work to transform the business.

“Richard, CeCe and Felicia bring an impressive combination of leadership experience, financial acumen, strategic thinking and corporate governance knowledge to our board,” said Steven Black, Chairman of the Board of Directors. administration of Wells Fargo. “We are fortunate to be able to add their valuable ideas to the Board of Directors. »

Additionally, shareholders approved an advisory proposal on executive compensation and the company’s 2022 long-term incentive plan. Shareholders also ratified the appointment of KPMG LLP as the company’s registered independent accounting firm for 2022. Shareholders did not approve the seven shareholder proposals presented at the meeting.

Final voting results will be reported on a Form 8-K that will be filed with the Securities and Exchange Commission (SEC) and will be available on the SEC’s website at www.sec.gov.

Biographical information

Richard K. Davis

Davis is the president and CEO of Make-A-Wish America (a non-profit organization), a position he has held since 2019. He is the former executive chairman and retired CEO of US Bancorp , parent company of US Bank, one of the largest commercial banks in the United States. Davis served as Executive Chairman from December 2007 to April 2018, Chief Executive Officer from December 2006 to April 2017, and held various other executive positions at US Bancorp, including President and Chief Operating Officer. Davis currently serves on the Mayo Clinic board of directors. He also serves on the board of directors of Mastercard Incorporated (since June 2018) and as lead director and chairman of the audit committee of the board of directors of Dow Inc.

CeCelia “CeCe” G. Morken

Morken most recently served as CEO of Headspace, a leading provider of digital mental wellness services, from January 2021 to January 2022, when the company merged with an online mental health platform and retired. She previously served as President and Chief Operating Officer of Headspace from April 2020 to January 2021. Previously, Morken held various leadership positions at Intuit Inc., a global technology platform, from 2007 to 2020, including as Executive Vice President and General Manager of Strategic Partnerships from 2017 to 2020, and Executive Vice President and General Manager of ProConnect Group, Intuit’s accounting division, from 2013 to 2017. Morken currently serves on the Board of Directors of ‘Alteryx, Inc. (since 2021) and Genpact Ltd (since 2016).

Felicia F. Norwood

Since 2018, Norwood has served as Executive Vice President and President of the Government Affairs Division of Anthem, Inc., a healthcare company, where she is responsible for profit and loss, setting strategic direction and all Company’s Medicaid, Medicare related operations. and solutions companies for the federal government. Prior to joining Anthem, Norwood worked as director of the Illinois Department of Health and Family Services, a government department responsible for providing health care, from 2015 to 2018. Norwood’s career also includes 19 years at Aetna , Inc. from 1994 to 2013, most recently as President of the Central America region. She previously served on the board of Hill-Rom Holdings Inc. from 2020 to 2021.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading financial services company with approximately $1.9 trillion in assets, proudly serves one in three American households and more than 10% of small businesses in the United States, and is a leading provider of middle market banking services. in the United States We offer a diverse set of banking, investment and mortgage products and services, as well as consumer and commercial finance services, through our four reportable operating segments: Consumer and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management. Management. Wells Fargo ranked No. 37 in Fortune’s 2021 ranking of America’s largest companies. In the communities we serve, the company focuses its social impact on building a sustainable and inclusive future for all by supporting housing affordability, small business growth, financial health and a low-carbon economy. carbon. Wells Fargo news, insights and insights are also available at Wells Fargo Stories.

Additional information can be found at www.wellsfargo.com | Twitter: @Wells Fargo

Press release category: WF-CF