This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Howard V. Richardson Elected To The Board Of Wells Fargo & Company

Wells Fargo & Company (NYSE:WFC) today said that its board of directors has elected Howard V. “Rick” Richardson, a retired partner of PricewaterhouseCoopers LLP (PwC), to the company’s board of directors, effective January 1, 2013.

Richardson will serve on the board’s Audit and Examination Committee. His election increases the size of the company’s board to 16 directors.

“Rick Richardson served PwC for over three decades in a wide range of leadership, audit, and business advisory positions, including as the lead engagement partner for several of PwC’s largest financial services clients,” said John Stumpf, Wells Fargo's chairman and CEO. “Wells Fargo is very fortunate to add Mr. Richardson and his vast knowledge of the financial services industry to the board, and we welcome him to Wells Fargo.”

“I am delighted to join Wells Fargo’s board,” Richardson said. “I spent my entire career at PwC working closely with senior management teams, boards of directors, and audit committees of large U.S. and international financial services firms and I am excited about the opportunity to bring my experience to Wells Fargo, which is among the most successful financial services companies in the world.”

“Mr. Richardson has extensive financial, accounting, bank regulatory, and risk management expertise, as well as valuable experience assisting financial services companies navigate complex operating environments,” said Stephen W. Sanger, lead director of Wells Fargo's board and chair of its Governance and Nominating Committee. “The board will benefit from his insight and perspective and looks forward to working with him.”

Prior to retiring in 2011, Richardson held a variety of positions with PwC, including U.S. Financial Services and Banking leader from 1996 to 2000 and Global Banking/Capital Markets leader from 1998 to 2002. Richardson joined PwC in 1976 and became a partner in 1988. He was the lead engagement partner or advisory partner for some of PwC’s largest financial services clients, including large bank holding companies, investment management firms, broker-dealers, and insurance companies. He is a member of the American Institute of Certified Public Accountants (AICPA) and served on the AICPA Banking Committee’s Regulatory Task Force from 1992 to 1995. He graduated from Duke University and received a M.S. degree from Boston University (London campus). Richardson serves as a senior advisor and member of the Strategic Planning Committee of the Ronald McDonald House of New York.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,070.40 +46.34 0.26%
S&P 500 2,114.49 +6.20 0.29%
NASDAQ 5,016.9290 +11.5380 0.23%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs