Wells Fargo shakes up board, names chairman

Wells Fargo shakes up board, names chairman

Wells Fargo & Co. says former Federal Reserve Governor Betsy Duke will replace Chairman Stephen Sanger on Jan. 1. Duke became a Wells Fargo director in 2015, and was named vice chair last year after a fake-account scandal erupted at the bank. Along with Sanger, two other long-time executives on the embattled bank’s board will retire by the end of the year. In addition, Wells says it will add an independent director next month.

Click to read...  Wells Fargo likely to name former Fed official to lead board
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