New Wells Fargo (WFC) CEO Tim Sloan said that it would be "crazy" for investors to dismiss any board members when the vote comes up at the company's shareholder meeting on April 25 in Jacksonville, FL.
"That's crazy from my perspective -- you can quote me on that," Sloan told Bloomberg Wednesday, adding that gutting the board would be "absolutely irresponsible."
Influential shareholder consultation firm Institutional Shareholder Services has recommended that shareholders vote out 12 of the company's 15 board members.
Wells Fargo shares were up more than 1% after-hours Wednesday.
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