John Stumpf Net Worth is$50 Million
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Date of Birth: 1953
Nicknames: John Stumpf
John Stumpf is an American executive with a net worth of $50 million. John Stumpf acquired that net worth the Chairman, President and CEO of Wells Fargo & Company. He is also a member of the National Republican Congressional Committee. Stumpf is from Pierz, Minnesota and earned an MBA from University of Minnesota.
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 Fargo'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 bachelor'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 Norwest'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 the i

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John Stumpf Latest News

Wells Fargo's 20-month nightmare

September 27: Wells Fargo CEO John Stumpf forfeits pay. Stumpf says he will give up much of his 2016 salary, including a bonus and $41 million in stock awards. The first major executive leaves the company over the scandal. Carrie Tolstedt, who headed the ...
Posted: April 29, 2018, 11:06 am

Kerrie Stumpf, 57, Sautee Nacoochee, Georgia

Kerrie Lynn Stumpf (née Bird) passed away peacefully surrounded by family at Northeast Georgia Medical Center, Gainesville, Georgia, on Sunday, Sept. 10, 2017, at the age of 57. Loving wife of John J. Stumpf, and devoted mother of six children ...
Posted: September 24, 2017, 2:21 pm

'Same story': Tumbling Tigers stumble late, fall to Twins

“Stumpf is supposed to get those people out ... though the final two outs were long blasts to the track and to the wall in left field by Victor Martinez and John Hicks.
Posted: May 21, 2018, 9:50 pm
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