Wells Fargo Launches Stakeholder Advisory Council

Wells Fargo & Company (NYSE: WFC) today announced the launch of a Stakeholder Advisory Council, which was formed to provide insight and feedback to the company's Board of Directors and senior management from a stakeholder perspective. The council's focus will be to deepen the company's understanding of important current and emerging issues relevant to the company and its stakeholders, including serving the financial needs of underserved communities, diversity and social inclusion, and environmental sustainability.

Council members include:
  • Michael Calhoun, president, Center for Responsible Lending
  • Mindy S. Lubber, CEO and president, Ceres
  • Marc H. Morial, CEO and president, National Urban League
  • Janet Murguía, CEO and president, UnidosUS
  • Sister Nora Nash, director of Corporate Social Responsibility for the Sisters of St. Francis of Philadelphia, a member of the Interfaith Center on Corporate Responsibility
  • Anne Sheehan, director of Corporate Governance, California State Teachers' Retirement System (CalSTRS)
  • John Taylor, president & CEO, National Community Reinvestment Coalition

"The formation of the Stakeholder Advisory Council is part of our commitment to continued engagement with our stakeholders to obtain their feedback," said Elizabeth "Betsy" Duke, who currently serves as vice chair of the board and will become its chair on Jan. 1, 2018. "The council consists of representatives of stakeholder groups especially important to the company, including groups focused on consumer rights, fair lending, the environment, human rights, civil rights, and governance. It is important that the top leadership of our company hears directly from our stakeholders, and we look forward to benefiting from the council's diverse perspectives and experiences, particularly with respect to our commitment to our customers and communities."

As announced in August 2017, the council will be led by Duke and will include the participation of President and CEO Tim Sloan.

Sloan said, "We see the council as an extension of our regular engagement with stakeholders to ensure that we gain a strong understanding of what they expect of us and are taking those concerns and feedback into account. The council's insight and input will be instrumental in our efforts to maximize our ability to make a positive impact on customers and communities as we build a better Wells Fargo."

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo's vision is to satisfy our customers' financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,400 locations, 13,000 ATMs, the internet ( wellsfargo.com) and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy. With approximately 268,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune's 2017 rankings of America's largest corporations.

View source version on businesswire.com: http://www.businesswire.com/news/home/20171221005894/en/

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