Exclusive: Wells Fargo taps headhunter Spencer Stuart to locate brand new CEO – sources

Exclusive: Wells Fargo taps headhunter Spencer Stuart to locate brand new CEO – sources

NEW YORK (Reuters) – Wells Fargo & Co’s board has retained executive search company Spencer Stuart to search for a fresh leader, ideally a lady who are able to http://bridesfinder.net/asian-brides tackle its regulatory and general public perception dilemmas, two different people knowledgeable about the problem stated.

Wells Fargo’s aspiration in order to become the actual only real major U.S. bank with a lady CEO underscores the requirement to restore a wide range to its image of constituents, including customers, investors, regulators and politicians, after it became mired in a scandal in 2016 for starting possibly scores of unauthorized records.

Previous CEO Tim Sloan left suddenly final thirty days, becoming the next CEO to keep the lender in the scandal’s fallout.

The board intends to approach Citigroup Inc’s Latin America main Jane Fraser, among the sources stated. During Fraser’s 15-year tenure at Citigroup, she’s got gained experience operating customer and commercial organizations in addition to its personal bank.

Fraser could never be instantly reached for remark.Continue reading