Wells Fargo elects retired PwC partner to board

Wed Nov 28, 2012 12:08pm EST

Nov 28 (Reuters) - Wells Fargo & Co on Wednesday named a retired PricewaterhouseCoopers LLP partner to its board of directors, effective Jan. 1.

The election of Howard V. "Rick" Richardson will increase the board's size to 16 members. Richardson, who retired in 2011 and led PwC's U.S. financial services and banking practice from 1996 to 2000, will serve on the audit and examination committee.

Wells Fargo is the fourth-largest U.S. bank by assets.