Wells Fargo Announces Preliminary Voting Results of 2024 Annual Meeting of Shareholders
April 30 2024 - 1:30PM
Business Wire
Shareholders elect 13 director nominees, including one new
independent director
Wells Fargo & Company (NYSE: WFC) announced today that its
shareholders elected as directors the 13 nominees named in the
company’s proxy statement, including a new independent director:
Fabian T. Garcia. Upon his election, Garcia was appointed to the
Board’s Finance Committee.
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Wells Fargo Bank branch located in the
Wells Fargo Center (Photo: Wells Fargo)
“I look forward to working with Fabian and the rest of the Board
as we continue to transform Wells Fargo,” said Wells Fargo CEO
Charlie Scharf. “He brings a wealth of experience and capabilities
to the Board’s work.”
“Fabian will add deep strategic planning and business
operational experience to our Board,” said Steven Black, Wells
Fargo’s Independent Board Chair. “We are fortunate to have him
joining us.”
In addition, shareholders approved an advisory proposal on
executive compensation and ratified the appointment of KPMG LLP as
the company’s independent registered public accounting firm for
2024. Shareholders approved an amendment to remove supermajority
voting standards from the company’s certificate of incorporation
and did not approve an amendment to remove supermajority voting
standards from the company’s bylaws. Shareholders did not approve
the eight shareholder proposals presented at the meeting.
The final voting results will be reported on a Form 8-K that
will be filed with the Securities and Exchange Commission (SEC) and
will be available on the SEC’s website at www.sec.gov.
Biographical information
Fabian Garcia
Garcia has over 40 years of experience as a global consumer
products and retail executive overseeing iconic consumer brands in
diverse markets. He is currently global president of personal care
and a member of the executive leadership team at Unilever, a
British multinational consumer goods company. Prior to joining
Unilever, Garcia was CEO and president of Revlon, and he has also
held senior leadership positions at Colgate-Palmolive, The
Timberland Company, Chanel, and Procter & Gamble.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial
services company that has approximately $1.9 trillion in assets. We
provide a diversified set of banking, investment and mortgage
products and services, as well as consumer and commercial finance,
through our four reportable operating segments: Consumer Banking
and Lending, Commercial Banking, Corporate and Investment Banking,
and Wealth & Investment Management. Wells Fargo ranked No. 47
on Fortune’s 2023 rankings of America’s largest corporations. In
the communities we serve, the company focuses its social impact on
building a sustainable, inclusive future for all by supporting
housing affordability, small business growth, financial health, and
a low-carbon economy. News, insights, and perspectives from Wells
Fargo are also available at Wells Fargo Stories.
Additional information may be found at www.wellsfargo.com
LinkedIn: https://www.linkedin.com/company/wellsfargo
News Release Category: WF-CF
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version on businesswire.com: https://www.businesswire.com/news/home/20240430442738/en/
Media Beth Richek, 704-374-2545
Beth.Richek@wellsfargo.com
Investor Relations John Campbell, 415-396-0523
john.m.campbell@wellsfargo.com
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