John Stumpf's Wells Fargo

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The article “Wells Fargo Chairman, CEO John Stumpf Retires; Board of Directors Elects Tim Sloan CEO” by Oscar Suris, appears in the Business Wire newspaper. Wells Fargo has announced the Chief Executive Officer, John Stumpf, has informed the company’s board of directors that he is retiring. As a result, the board has elected Tim Sloan, Chief Operating Officer, to follow as the new CEO. The article continues by giving readers background information about John Stumpf’s position in the company. John Stumpf has dedicated his professional life to banking, successfully leading Wells Fargo through the financial crisis, and helping to create one of the strongest financial services companies. However, he believes new leadership at this time is appropriate

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