Investor Relations head Jim Rowe promoted to lead new organization
Wells Fargo & Company (NYSE:WFC) announced today that it has created a
new Stakeholder Relations group to foster a more integrated approach to
engaging with its key stakeholders. Executive Vice President and
Director of Investor Relations Jim Rowe, a 12-year veteran of Wells
Fargo, has been promoted to lead the new group. Stakeholder Relations
will be a part of the company’s Chief Administrative Office, led by Hope
Hardison.
“As Wells Fargo continues to focus on rebuilding trust and building a
better bank, it’s more important than ever that our key stakeholder
relationships and strategies are well integrated,” said Hardison.
“During a decade in Investor Relations, Jim has become a trusted leader
at Wells Fargo. His knowledge of our businesses and proven ability to
partner across the company make him ideal to advance our efforts to
create an aggregated stakeholder view.”
The new Stakeholder Relations group will include Investor Relations
(IR), which moves from Enterprise Finance & Information Technology, as
well as Corporate Communications and Government Relations & Public
Policy (GRPP).
“Corporate Communications and GRPP have played critical roles over the
past months, at a time when engaging with stakeholders and telling Wells
Fargo’s story have been so important. Bringing these groups together
with IR builds on our strengths,” said Hardison.
The Stakeholder Relations group will partner with other groups in the
company to build and execute a comprehensive, fully-integrated
stakeholder relations program.
“Creating the Stakeholder Relations function—and making IR a part of
it—will allow us to better coordinate across all of our key stakeholder
groups, while maintaining IR’s deep partnership with the finance
organization and across the company,” said John Shrewsberry, chief
financial officer. “Under Jim’s leadership, we have developed a
best-in-class IR team, and this transition will be seamless for our
investors and analysts.”
These changes are effective immediately. Rowe is in the process of
naming a new director of Investor Relations, and he will continue to run
the function in the interim in addition to his new responsibilities.
About Wells Fargo
Wells Fargo & Company (NYSE:WFC) is a diversified, community-based
financial services company with $2.0 trillion in assets. Wells Fargo’s
vision is to satisfy our customers’ financial needs and help them
succeed financially. Founded in 1852 and headquartered in San Francisco,
Wells Fargo provides banking, insurance, investments, mortgage, and
consumer and commercial finance through more than 8,500 locations,
13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has
offices in 42 countries and territories to support customers who conduct
business in the global economy. With approximately 273,000 team members,
Wells Fargo serves one in three households in the United States. Wells
Fargo & Company was ranked No. 25 on Fortune’s 2017 rankings of
America’s largest corporations. News, insights and perspectives from
Wells Fargo are also available at Wells
Fargo Stories.
