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

Elizabeth Warren Demands That a Second Wells Fargo CEO Be Fired

Last year, Sen. Elizabeth Warren (D-Mass.) demanded that Wells Fargo CEO John G. Stumpf be fired in the wake of the bank’s fake account scandal. She blasted him for making millions off a “scam,” sayin...
Posted: October 3, 2017, 9:31 am

California treasurer to work with CalPERS, CalSTRS to push for Wells Fargo reforms

Mr. Chiang, CalPERS and CalSTRS will push to have Wells Fargo separate the CEO and chairman positions. Currently, John G. Stumpf holds both positions. Mr. Chiang said at a news conference that this mo...
Posted: September 28, 2016, 1:47 pm

Wells Fargo scandal shows the value of regulation

At its helm was Minnesota-born and raised John G. Stumpf, CEO and chairman of the board, who has spent 34 years in banking, but when questioned by Congress about the fraudulent practices at Wells Farg...
Posted: November 15, 2018, 4:37 am
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