Wells Fargo Names Hope Hardison Chief Administrative Officer; Pat Callahan to Retire at the end of August

SAN FRANCISCO--(BUSINESS WIRE)--

Wells Fargo & Company (NYSE: WFC) announced today that Hope Hardison, who leads Human Resources for the company, will become Chief Administrative Officer, effective Aug. 31, 2015. She will succeed Pat Callahan, a 38-year veteran of the company who has decided to retire after a long, successful career at Wells Fargo.

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Callahan, who has been Chief Administrative Officer since 2011, led the integration of Wells Fargo and Wachovia in the largest U.S. bank merger in history. Among her many key leadership positions, Callahan headed Compliance and Enterprise Risk Management and started the Corporate Social Responsibility function in 2008. She also has led Human Resources and Wholesale Banking Systems.

"Pat is a tremendous leader who exemplifies our values and our vision of helping customers succeed financially," said CEO John Stumpf. "She leaves an indelible mark on our company. Of her many accomplishments, how she has conducted herself as a leader, and guided others, will be one of her most important legacies."

"It has been a privilege to be part of Wells Fargo for almost four decades and experience our company's growth through our focus on customers and helping them achieve financial success," Callahan said. "I am grateful to my colleagues who have contributed to a wonderful journey."

In her new role, Hardison, a 22-year veteran of Wells Fargo, will lead the Chief Administrative Office (CAO) that includes Corporate Communications, Government and Community Relations, and Enterprise Marketing. Human Resources will become part of CAO and continue to be led by Hardison.

Hardison has led HR since 2010 and was promoted to report to CEO John Stumpf in 2014. She previously held leadership positions in Finance, Strategic Planning, and Compensation. She is based in San Francisco.

"Hope has done an outstanding job leading our HR team and has deep passion for Wells Fargo's culture, brand and reputation," Stumpf said. "She is known throughout Wells Fargo for her strong leadership and commitment to team members and brings extensive experience and continuity to the role."

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.7 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,700 locations, 12,500 ATMs, and the internet (wellsfargo.com) and mobile banking, and has offices in 36 countries to support customers who conduct business in the global economy. With approximately 266,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 30 on Fortune's 2015 rankings of America's largest corporations. Wells Fargo's vision is to satisfy all our customers' financial needs and help them succeed financially. Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories.

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