(Reuters) - NEW YORK, June 27 - Wells Fargo & Co. , the fifth-largest U.S. bank, on Wednesday named John Stumpf chief executive, replacing Richard Kovacevich, who will remain chairman.
Stumpf, 53, has been president and chief operating officer since August 2005, and was long considered to be a leading candidate to replace Kovacevich. Last June, Stumpf joined Kovacevich as the only inside directors on Wells Fargo's board.
Read more at Reuters.com Mergers News
Stumpf, 53, has been president and chief operating officer since August 2005, and was long considered to be a leading candidate to replace Kovacevich. Last June, Stumpf joined Kovacevich as the only inside directors on Wells Fargo's board.
Read more at Reuters.com Mergers News
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