John G Stumpf Net Worth is21.0 $Million
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John Stumpf (born 1953) became Chairman for Wells Fargo & Company in January 2010. He was named Chief Executive Officer in June 2007, elected to Wells Fargoa??s Board of Directors in June 2006, and has been President since August 2005.
A Pierz, Minnesota native, Stumpf grew up as one of 11 children on a dairy and poultry farm. His father was a dairy farmer. Stumpf shared a bedroom with his brothers until he was married. Stumpf graduated in the bottom half of his high school class. His bad grades, combined with his limited family finances, resulted in Stumpf obtaining a job as a breadmaker in a Pierz bakery. After a year, Stumpf enrolled in St. Cloud State University on a provisional basis. He eventually obtained a job as a reposession agent at First Bank in St. Paul, Minnesota.
Stumpf earned his bachelora??s degree in finance from St. Cloud State University, St. Cloud, Minnesota and his MBA with an emphasis in finance from the University of Minnesota.
Stumpf joined Northwestern National Bank, the former Norwest Corporation and predecessor of Wells Fargo, in 1982 in the loan administration department and then became senior vice president and chief credit officer for Norwest Bank, N.A., Minneapolis. He held a number of management positions at Norwest Bank Minneapolis and Norwest Bank Minnesota before assuming responsibility for Norwest Bank Arizona in 1989. He was named regional president for Norwest Banks in Colorado/Arizona in 1991. From 1994 to 1998, he was regional president for Norwest Bank Texas. During his four years in that position, he led Norwesta??s acquisition of 30 Texas banks with total assets of more than $13 billion.
In 1998, with the merger of Norwest Corporation and Wells Fargo & Company, he became head of the Southwestern Banking Group (Arizona, New Mexico and Texas). Two years later he became head of the new Western Banking Group (Arizona, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming). In 2000, he led

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John G Stumpf Latest News

Wells Fargo updates: CEO John Stumpf 'failed to disprove ... a massive fraud'

Wells Fargo Chairman and CEO John G. Stumpf, who has been described as “the Mr. Clean of banking,” took his unflappable and well-groomed mien Tuesday to a hearing room on Capitol Hill to defend the bank’s actions after the disclosure that it had ...
Posted: September 21, 2016, 1:15 am

Wells Fargo CEO John Stumpf resigns effective immediately

SAN FRANCISCO — Wells Fargo's CEO John Stumpf has resigned, effective immediately, as the nation's second-largest bank is roiled by a scandal over its sales practices. The San Francisco bank said Wednesday that Stumpf will also relinquish his title as ...
Posted: June 10, 2018, 1:07 am

Wells Fargo CEO Stumpf on sales scandal: 'It's against everything we stand for'

Embroiled in controversy over his bank's deceptive sales practices, Wells Fargo CEO John G. Stumpf apologized to a Senate panel on Tuesday and said the bank is committed to fixing what went wrong. With the bank on the hot seat and some investors calling ...
Posted: September 20, 2016, 7:57 am
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