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Wells Fargo Announces Next Step in Technology Transformation


New leader to be hired, will report to CEO, serve on Operating Committee

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo (NYSE: WFC) today announced the next step in its technology transformation. A new technology leader will be hired who will report directly to CEO Tim Sloan and will join the Wells Fargo Operating Committee.

The new technology leader will lead a combined Enterprise Information Technology and Enterprise Information Security team. Those teams continue to be led by Chief Technology Officer Scott Dillon and Chief Information Security Officer Rich Baich, respectively, and will report to the new leader once named. In the interim, they will report to Chief Financial Officer John Shrewsberry. Enterprise Information Technology has been part of the Enterprise Finance and Information Technology team. Enterprise Information Security has been part of Corporate Risk.

“Technology and information security are at the heart of what allows us to satisfy our customers’ financial needs and help them succeed financially,” said Sloan. “Almost everything we do every day for our customers, shareholders and team members is touched by the technology and security professionals who develop and protect our systems. This new combined team will allow us to further accelerate our efforts to simplify Wells Fargo’s technology environment, strengthen our security capabilities, mitigate risk, and enhance our ability to meet our business and regulatory commitments.”

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 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, investment and mortgage products and services, as well as consumer and commercial finance, through 7,950 locations, 13,000 ATMs, the internet ( and mobile banking, and has offices in 37 countries and territories to support customers who conduct business in the global economy. With approximately 262,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 26 on Fortune’s 2018 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Ann Wasik, 763-251-0549
Investor Relations
John Campbell, 415-396-0523

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