People: Wells Fargo & Co (WFC)
WFC on New York Consolidated
40.24USD
24 May 2013
40.24USD
24 May 2013
Price Change (% chg)
$0.23 (+0.57%)
$0.23 (+0.57%)
Prev Close
$40.01
$40.01
Open
$39.52
$39.52
Day's High
$40.30
$40.30
Day's Low
$39.50
$39.50
Volume
17,121,182
17,121,182
Avg. Vol
21,810,837
21,810,837
52-wk High
$41.10
$41.10
52-wk Low
$29.80
$29.80
Summary
| Name | Age | Since | Current Position |
|---|---|---|---|
John Stumpf |
59 | 2009 | Chairman of the Board, President, Chief Executive Officer |
Timothy Sloan |
52 | 2011 | Chief Financial Officer, Senior Executive Vice President |
Patricia Callahan |
59 | 2011 | Senior Executive Vice President, Chief Administrative Officer |
Kevin Rhein |
59 | 2011 | Senior Executive Vice President, Chief Information Officer |
Michael Loughlin |
57 | 2011 | Senior Executive Vice President, Chief Risk Officer |
James Strother |
61 | 2011 | Senior Executive Vice President, General Counsel |
Richard Levy |
55 | 2007 | Executive Vice President, Controller |
David Carroll |
55 | 2009 | Senior Executive Vice President - Wealth, Brokerage and Retirement Services |
Michael Heid |
55 | 2011 | Executive Vice President - Home Lending |
David Hoyt |
57 | 2005 | Senior Executive Vice President - Wholesale Banking |
Avid Modjtabai |
51 | 2011 | Senior Executive Vice President - Consumer Lending |
Carrie Tolstedt |
53 | 2007 | Senior Executive Vice President - Community Banking |
Stephen Sanger |
66 | 2012 | Lead Independent Director |
John Baker |
64 | 2009 | Independent Director |
Elaine Chao |
60 | 2011 | Independent Director |
John Chen |
57 | 2006 | Independent Director |
Lloyd Dean |
62 | 2005 | Independent Director |
Susan Engel |
66 | 1998 | Independent Director |
Enrique Hernandez |
57 | 2003 | Independent Director |
Donald James |
64 | 2009 | Independent Director |
Cynthia Milligan |
66 | 1992 | Independent Director |
Federico Pena |
66 | 2011 | Independent Director |
Howard Richardson |
62 | 2013 | Independent Director |
Judith Runstad |
68 | 1998 | Independent Director |
Susan Swenson |
64 | 1994 | Independent Director |
Biographies
| Name | Description |
|---|---|
John Stumpf |
Mr. John G. Stumpf serves as Chairman of the Board, President and Chief Executive Officer of Wells Fargo & Co. Mr. Stumpf has served as Chairman since December 2009, Chief Executive Officer since June 2007, and as President since August 2005. He also served as Chief Operating Officer from August 2005 to June 2007, and as Group Executive Vice President, Community Banking from July 2002 to August 2005. Other Public Company Directorships - Chevron Corporation and Target Corporation. He has a Master of Business Administration from the University of Minnesota. |
Timothy Sloan |
Mr. Timothy J. Sloan serves as Chief Financial Officer, Senior Executive Vice President of Wells Fargo & Co. Mr. Sloan had served as Senior Executive Vice President and Chief Administrative Officer of the Company since September 2010 to February 2011. He was Executive Vice President (Commercial Banking, Real Estate and Specialized Financial Services) of Wells Fargo Bank, N.A. from June 2006 to September 2010. Mr. Sloan joined Wells Fargo in 1987. He earned his B.A. in economics and history and his M.B.A. in finance and accounting, both from the University of Michigan in Ann Arbor. He is also a member of the University of Michigan Ross School of Business Corporate Advisory Board. Mr. Sloan has served with the Company or its predecessors for 25 years. |
Patricia Callahan |
Ms. Patricia R. Callahan serves as Senior Executive Vice President, Chief Administrative Officer of Wells Fargo & Co. She was Executive Vice President (Office of Transition) from January 2009 to February 2011. She was Executive Vice President (Social Responsibility Group) from June 2008 to December 2008, Executive Vice President (Compliance and Risk) from June 2005 to September 2007 and Executive Vice President (Human Resources) from November 1998 to June 2005. Ms. Callahan has served with the Company or its predecessors for 35 years. She graduated from Massachusetts Institute of Technology where she earned her Bachelors’ degree in Mechanical Engineering and her Masters’ degree in Management/Finance. Ms. Callahan serves on the Board of Directors of The Marine Mammal Center and is a Trustee of Dominican University in San Rafael. |
Kevin Rhein |
Mr. Kevin A. Rhein serves as Senior Executive Vice President, Chief Information Officer of Wells Fargo & Co. He was Executive Vice President (Card Services and Consumer Lending) from January 2009 to July 2011; and Executive Vice President (Card Services) of Wells Fargo Bank, N.A. from February 2004 to January 2009. Mr. Rhein has served with the Company or its predecessors for 34 years. He has a bachelor’s degree in psychology from the University of Illinois, and an MBA from the University of Chicago. |
Michael Loughlin |
Mr. Michael J. Loughlin serves as Senior Executive Vice President, Chief Risk Officer of Wells Fargo & Co. Executive Vice President and Chief Risk Officer from November 2010 to July 2011; Executive Vice President and Chief Credit and Risk Officer from April 2006 to November 2010. Mr. Loughlin has served with the Company or its predecessors for 31 years. He received his bachelor’s degree from the University of California at Berkeley in 1978. |
James Strother |
Mr. James M. Strother serves as Senior Executive Vice President, General Counsel of Wells Fargo & Co. Mr. Strother was Executive Vice President and General Counsel from January 2004 to July 2011. He has served with the Company or its predecessors for 26 years. He is a graduate of the University of Minnesota where he received both his law and bachelor’s degrees. |
Richard Levy |
Mr. Richard D. Levy serves as Executive Vice President and Controller of Wells Fargo & Co. He was Executive Vice President and Controller since February 2007; Senior Vice President and Controller from September 2002 to February 2007. Mr. Levy has served with the Company for 10 years. He is an accounting graduate of Pennsylvania State University and received his master's degree in taxation from Pace University's Lubin School of Graduate Studies. He is also a Certified Public Accountant. |
David Carroll |
Mr. David M. Carroll serves as Senior Executive Vice President - Wealth, Brokerage and Retirement Services of Wells Fargo & Co. He was Senior Executive Vice President of Wachovia Corporation from September 2001 to January 2009. Mr. Carroll has served with the Company or its predecessors for 31 years. He earned his bachelor’s degree in business administration from University of North Carolina-Chapel Hill. |
Michael Heid |
Mr. Michael J. Heid serves as Executive Vice President - Home Lending of Wells Fargo & Co., since July 2011. He is President of Wells Fargo Home Mortgage, a division of Wells Fargo Bank, N.A. since July 2011. He was Co-President of Wells Fargo Home Mortgage from May 2004 to July 2011. Mr. Heid has served with the Company or its predecessors for 25 years. |
David Hoyt |
Mr. David A. Hoyt serves as Senior Executive Vice President - Wholesale Banking of Wells Fargo & Co. He was Group Executive Vice President (Wholesale Banking) from November 1998 to August 2005. Mr. Hoyt has served with the Company or its predecessors for 31 years. He graduated from the University of California, Berkeley, where he earned his bachelor’s degree in business administration. |
Avid Modjtabai |
Ms. Avid Modjtabai serves as Senior Executive Vice President - Consumer Lending of Wells Fargo & Co. She was Executive Vice President and Chief Information Officer from April 2007 to July 2011; and Executive Vice President (Human Resources) from June 2005 to April 2007. Ms. Modjtabai has served with the Company or its predecessors for 19 years. |
Carrie Tolstedt |
Ms. Carrie L. Tolstedt serves as Senior Executive Vice President - Community Banking of Wells Fargo & Co. She was Group Executive Vice President of Regional Banking from July 2002 to June 2007. Ms. Tolstedt has served with the Company or its predecessors for 23 years. She graduated from the University of Nebraska with a B.S. degree in business administration and completed the Pacific Coast Banking School, University of Washington. |
Stephen Sanger |
Mr. Stephen W. Sanger is Lead Independent Director of Wells Fargo & Co., effective January 1, 2012. Mr. Sanger served as Chairman of General Mills, Inc., Minneapolis, Minnesota (packaged food producer and distributor) from May 1995, and as a director since 1992, until he retired in May 2008. He also served as Chief Executive Officer of General Mills from May 1995 to September 2007. Other Public Company Directorships: Pfizer Inc. and Target Corporation; and a former director of General Mills, Inc. Mr. Sanger holds a Master of Business Administration from the University of Michigan. |
John Baker |
Mr. John D. Baker, II, is Independent Director of Wells Fargo & Company. Mr. Baker has served as Executive Chairman and a director of Patriot Transportation Holding, Inc., Jacksonville, Florida (motor carrier and real estate company) since October 2010. He served as President and Chief Executive Officer of Patriot from February 2008 until October 2010. He also served as President from May 1989, and Chief Executive Officer from February 1997 of Florida Rock Industries, Inc., Jacksonville, Florida (construction materials) until November 2007. Other Public Company Directorships - Patriot Transportation Holding, Inc., Progress Energy Inc., and Texas Industries, Inc.; and a former director of Florida Rock Industries, Inc., Vulcan Materials Company, and Wachovia Corporation. He is a current member of the Company’s Audit and Examination and Credit Committees. Mr. Baker has a law degree from the University of Florida School of Law. |
Elaine Chao |
The Honorable Elaine L. Chao is Independent Director of Wells Fargo & Company since July 1, 2011. Ms. Chao served as the 24th U.S. Secretary of Labor from January 2001 until January 2009. She has been a Distinguished Fellow at the Heritage Foundation, Washington, D.C. (educational and research organization) since January 2009 and from August 1996 until January 2001. She was President and Chief Executive Officer of United Way of America from November 1992 until August 1996. Ms. Chao’s previous government experience also includes serving as Director of the Peace Corps from December 1991 until November 1992 and Deputy Secretary of the U.S. Department of Transportation from April 1989 until December 1991. Other Public Company Directorships - Dole Food Company, Inc. and Protective Life Corporation. As a current and former board member of a number of prominent public companies, including as the current chair of the governance committee of Dole Food Company, she also brings additional corporate governance experience to the Board. Ms. Chao has a Master of Business Administration from Harvard Business School. |
John Chen |
Mr. John S. Chen serves as Independent Director of Wells Fargo & Company. Mr. Chen has served as Chairman and Chief Executive Officer of Sybase, Inc., Dublin, California (computer software) since July 2010. Sybase is a wholly-owned subsidiary of SAP AG, Walldorf, Germany. Mr. Chen also served as Chairman, Chief Executive Officer, President, and as a director of Sybase from November 1998 until July 2010 when Sybase was acquired by SAP AG. Other Public Company Directorships: The Walt Disney Company; and a former director of Sybase, Inc. Mr. Chen holds a Master of Science from California Institute of Technology. |
Lloyd Dean |
Mr. Lloyd H. Dean is Independent Director of Wells Fargo & Company. Mr. Dean has served as President, Chief Executive Officer, and a director of Dignity Health (formerly named Catholic Healthcare West), San Francisco, California (health care) since April 2000. Other Public Company Directorships - Cytori Therapeutics, Inc. Mr. Dean holds a Master’s Degree in Education from Western Michigan University and also is a graduate of Pennsylvania State University’s Executive Management Program. |
Susan Engel |
Ms. Susan E. Engel serves as Independent Director of Wells Fargo & Company. Ms. Engel serves as Chief Executive Officer of Portero, Inc., New York, New York (an online retailer of luxury pre-owned and vintage personal accessories) since July 2009. She served as Chairwoman, Chief Executive Officer, and a director of Lenox Group Inc., Eden Prairie, Minnesota (a tabletop, collectibles and giftware marketer, manufacturer and wholesaler) from November 1996 until she retired in January 2007. Other Public Company Directorships - SUPERVALU INC; and a former director of Lenox Group, Inc. Ms. Engel has a Master of Business Administration from Harvard Business School. |
Enrique Hernandez |
Mr. Enrique Hernandez, Jr., is Independent Director of Wells Fargo & Company. Mr. Hernandez has served as Chairman, President, Chief Executive Officer, and a director of Inter-Con Security Systems, Inc., Pasadena, California (security services) since 1986. Other Public Company Directorships - Chevron Corporation, McDonald’s Corporation, and Nordstrom, Inc. (Chairman of the Board); and a former director of Tribune Company. Mr. Hernandez has a law degree from Harvard Law School and practiced as a litigation attorney for four years with a law firm in California, which provides him with additional insight on risk management and litigation issues relevant to the Company’s operations. |
Donald James |
Mr. Donald M. James serves as Independent Director of Wells Fargo & Company. Mr. James has served as Chairman, Chief Executive Officer, and a director of Vulcan Materials Company, Birmingham, Alabama (construction materials) since May 1997. Other Public Company Directorships - Vulcan Materials Company and Southern Company; and a former director of Wachovia Corporation. Mr. James holds a Master of Business Administration from the University of Alabama and a law degree from the University of Virginia. |
Cynthia Milligan |
Ms. Cynthia H. Milligan serves as Independent Director of Wells Fargo & Company. Ms. Milligan served as Dean of the College of Business Administration at the University of Nebraska-Lincoln, Lincoln, Nebraska (higher education) from June 1998 to May 2009, when she was named Dean Emeritus of the College of Business Administration. Other Public Company Directorships - Calvert Funds and Raven Industries, Inc. Ms. Milligan has a law degree from George Washington University National Law Center and was a senior partner at a law firm in Nebraska, as well as an Adjunct Professor of Law in taxation at Georgetown University Law Center and in banking at the University of Nebraska College of Law. |
Federico Pena |
Mr. Federico F. Pena is Independent Director of Wells Fargo & Co. Mr. Peña has served as a Senior Advisor of Vestar Capital Partners, Denver, Colorado (private equity firm) since January 2009 and previously served as a Managing Director of Vestar from January 2000 to January 2009. He served as the U.S. Secretary of Energy from March 1997 until June 1998 and as the U.S. Secretary of Transportation from January 1993 until February 1997. Other Public Company Directorships - Sonic Corp. He holds a law degree from the University of Texas, which enhances his understanding of legal and regulatory issues affecting the Company. |
Howard Richardson |
Mr. Howard V. Richardson is Independent Director of Wells Fargo & Co., since January 1, 2013. Prior to retiring in 2011, Richardson held a variety of positions with PwC, including U.S. Financial Services and Banking leader from 1996 to 2000 and Global Banking/Capital Markets leader from 1998 to 2002. Richardson joined PwC in 1976 and became a partner in 1988. He was the lead engagement partner or advisory partner for some of PwC's financial services clients, including bank holding companies, investment management firms, broker-dealers, and insurance companies. He is a member of the American Institute of Certified Public Accountants (AICPA) and served on the AICPA Banking Committee's Regulatory Task Force from 1992 to 1995. He graduated from Duke University and received a M.S. degree from Boston University (London campus). Richardson serves as a senior advisor and member of the Strategic Planning Committee of the Ronald McDonald House of New York. |
Judith Runstad |
Ms. Judith M. Runstad serves as Independent Director of Wells Fargo & Company. Ms. Runstad is a former partner of, and has been of counsel since January 1997 to the law firm of Foster Pepper PLLC, Seattle, Washington. She is a former Chairwoman of the Board of the Federal Reserve Bank of San Francisco. Other Public Company Directorships - Potlatch Corporation; and a former director of SAFECO Corporation. Ms. Runstad received her law degree from the University of Washington. |
Susan Swenson |
Ms. Susan G. Swenson serves as Independent Director of Wells Fargo & Company. Ms. Swenson served as President and Chief Executive Officer of Sage Software-North America, the North American operations of The Sage Group PLC located in the United Kingdom (business management software and services supplier) from March 2008 until April 2011. Ms. Swenson held positions as the Chief Operating Officer of Atrinsic, Inc. (formerly known as New Motion, Inc.) from August 2007 to March 2008, Amp’d Mobile, Inc. from October 2006 to July 2007, and T-Mobile USA from February 2004 to October 2005, and as President and Chief Operating Officer and a director of Leap Wireless International, Inc. from July 1999 to January 2004. |
Basic Compensation
| Name | Fiscal Year Total |
|---|---|
John Stumpf |
22,873,100 |
Timothy Sloan |
9,009,160 |
Patricia Callahan |
-- |
Kevin Rhein |
-- |
Michael Loughlin |
-- |
James Strother |
-- |
Richard Levy |
-- |
David Carroll |
8,608,140 |
Michael Heid |
-- |
David Hoyt |
12,837,900 |
Avid Modjtabai |
8,565,050 |
Carrie Tolstedt |
8,850,210 |
Stephen Sanger |
-- |
John Baker |
-- |
Elaine Chao |
-- |
John Chen |
-- |
Lloyd Dean |
-- |
Susan Engel |
-- |
Enrique Hernandez |
-- |
Donald James |
-- |
Cynthia Milligan |
-- |
Federico Pena |
-- |
Howard Richardson |
-- |
Judith Runstad |
-- |
Susan Swenson |
-- |
As Of 30 Dec 2012
Options Compensation
| Name | Options | Value |
|---|---|---|
John Stumpf |
1,186,201 | 16,334,900 |
Timothy Sloan |
156,599 | 2,632,980 |
Patricia Callahan |
0 | 0 |
Kevin Rhein |
0 | 0 |
Michael Loughlin |
0 | 0 |
James Strother |
0 | 0 |
Richard Levy |
0 | 0 |
David Carroll |
276,148 | 5,335,090 |
Michael Heid |
0 | 0 |
David Hoyt |
3,093,786 | 38,204,120 |
Avid Modjtabai |
114,778 | 1,984,480 |
Carrie Tolstedt |
1,130,684 | 9,220,770 |
Stephen Sanger |
0 | 0 |
John Baker |
0 | 0 |
Elaine Chao |
0 | 0 |
John Chen |
0 | 0 |
Lloyd Dean |
0 | 0 |
Susan Engel |
0 | 0 |
Enrique Hernandez |
0 | 0 |
Donald James |
0 | 0 |
Cynthia Milligan |
0 | 0 |
Federico Pena |
0 | 0 |
Howard Richardson |
0 | 0 |
Judith Runstad |
0 | 0 |
Susan Swenson |
0 | 0 |
| Name | Shares Traded | Price |
|---|---|---|
RHEIN KEVIN A |
70,000 | $38.66 |
HEID MICHAEL JOHN |
3,000 | $38.44 |
SLOAN TIMOTHY J |
165,000 | $28.43 |
SLOAN TIMOTHY J |
145,299 | $37.89 |
HEID MICHAEL JOHN |
46,000 | $31.40 |
HEID MICHAEL JOHN |
41,892 | $37.90 |
RHEIN KEVIN A |
2,000 | $37.76 |
RHEIN KEVIN A |
37,839 | $37.74 |
RHEIN KEVIN A |
120,000 | $13.05 |
LEVY RICHARD D |
48,258 | $37.98 |
LEVY RICHARD D |
53,721 | $29.91 |
RHEIN KEVIN A |
80,801 | $37.84 |
STROTHER JAMES M |
15,000 | $37.88 |
HEID MICHAEL JOHN |
14,700 | $37.62 |
SLOAN TIMOTHY J |
36,386 | $37.64 |
HERNANDEZ ENRIQUE JR |
7,295 | $37.34 |
MILLIGAN CYNTHIA H |
4,040 | $0.00 |
RUNSTAD JUDITH M |
4,040 | $0.00 |
PENA FEDERICO F |
4,040 | $0.00 |
SWENSON SUSAN G |
4,040 | $0.00 |
CHEN JOHN S |
4,040 | $0.00 |
QUIGLEY PHILIP J |
7,840 | $28.20 |
QUIGLEY PHILIP J |
6,024 | $36.69 |
HERNANDEZ ENRIQUE JR |
3,434 | $33.14 |
HOYT DAVID A |
1,406 | $0.00 |
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