NORWEST - Key Persons

Job Titles:

• Principal

Job Titles:

• CEO of Wealth & Investment

Barry Sommers is CEO of Wealth & Investment Management at Wells Fargo, where he serves on the company's Operating Committee.

Job Titles:

• Chief Executive Officer and President of Wells Fargo & Company

Charles W. Scharf has been Chief Executive Officer and President of Wells Fargo & Company, and a member of its Board of Directors, since October 2019. A financial services veteran with more than 30 years of experience in leadership roles in the banking and payments industries, Charlie served as chief executive officer of Bank of New York Mellon from July 2017 to October 2019 and the chairman of its board from January 2018 to October 2018. He also was chief executive officer and a director of Visa Inc. from November 2012 to December 2016. Previously, he was a managing director of One Equity Partners at JPMorgan Chase & Co. and chief executive officer of Retail Financial Services at JPMorgan Chase. He also was chief executive officer of the retail division of Bank One Corp., chief financial officer of Bank One Corp., chief financial officer of the Global Corporate and Investment Bank division of Citigroup, and chief financial officer of Salomon Smith Barney and its predecessor company. Charlie earned a Bachelor of Arts degree from Johns Hopkins University and an MBA from New York University. He is a director of Microsoft Corporation and is a member of The Business Council. He lives in New York City.

Job Titles:

• Chief Risk Officer
• Senior Executive Vice President

As Senior Executive Vice President and Chief Risk Officer, Derek Flowers is accountable for the effective governance of the company's risk programs. As the leader of the independent corporate risk function, he oversees all financial and non-financial risks, including compliance risk management. Derek's leadership team includes chief risk officers for each of the five business groups and Finance, and risk officers overseeing risk management programs by risk type. Derek serves on the Wells Fargo Operating Committee and is based in Charlotte, North Carolina.

Job Titles:

• Senior Executive Vice President and General Counsel of Wells Fargo & Company

Ellen Patterson is Senior Executive Vice President and General Counsel of Wells Fargo & Company. As General Counsel, Ellen leads the company's global legal affairs by providing strategic legal counsel to the company's business lines and functions, overseeing litigation and regulatory enforcement matters, and advising on corporate governance. Ellen serves on the Wells Fargo Operating Committee and is based in New York City. She also serves as the co-executive sponsor of Wells Fargo's Women's Connection. Before joining Wells Fargo as General Counsel in March 2020, Ellen served as Group Head and General Counsel for TD Bank Group, where she served on TD's global Operating Committee and as chair of TD's Women in Leadership program. Prior to joining TD, Ellen was a partner at Simpson Thacher & Bartlett LLP, advising financial institutions and other companies on mergers & acquisitions, capital markets, and corporate governance matters. Ellen holds a bachelor's degree from Harvard University and a J.D. from Columbia University. She was recognized by American Banker as its "Most Powerful Woman to Watch" in 2021 and was also included on the 2023 list. Ellen is a member of the board of directors of The United Way of Greater Philadelphia and Southern New Jersey.

Job Titles:

• EVP and President, Government Business Division

Job Titles:

• Chief Executive Officer of Corporate & Investment Bank

Jon Weiss is chief executive officer of Corporate & Investment Banking at Wells Fargo and also serves on the company's Operating Committee. In addition, Jon oversees Wells Fargo's international client businesses and their operations and serves as president of Wells Fargo Securities, LLC. Jon started his career with Wells Fargo in 2005 with investment banking. In 2008, he became co-head of the Wells Fargo Securities Investment Banking & Capital Markets division and in 2014 became president and head of Wells Fargo Securities. In 2017, he was named head of Wells Fargo's Wealth & Investment Management division, a position he held until February 2020 when he was named to his current role.

Job Titles:

• CEO of Consumer Lending

Kleber Santos is the CEO of Consumer Lending and a member of the Operating Committee at Wells Fargo. He is responsible for leading more than 35,000 employees focused on providing consumer lending products and services, including Home Loans, Auto Loans, Personal Lending, Credit Cards, Retail Services and Merchant Services. Prior to leading Consumer Lending, Kleber was head of Diverse Segments, Representation & Inclusion at Wells Fargo. In this role, Kleber was responsible for leading efforts to make the company a place where diversity was reflected at all levels and in every facet of the company's operations, processes, and programs. His work was focused on creating a more diverse and inclusive working environment and partnering with Wells Fargo's business leaders to deliver products and services specifically designed to meet the needs of diverse customer segments. He also previously served as interim Head of Human Resources with responsibility for building and implementing the strategies, programs, and infrastructure to develop, engage, and retain strong talent for the company. Prior to joining Wells Fargo in 2020, Kleber worked for 15 years in a number of senior roles at Capital One, most recently as president of Retail and Direct Banking, accountable for the division's revenue, product development and marketing, branches and ATMs, and operations. He chaired Capital One's Retail and Direct Banking Diversity Council and served as executive sponsor of Capital One's Hispanic/Latinx associates and allies employee affinity group. Kleber also was executive vice president of Capital One's consumer bank for three years with responsibility for marketing, online and mobile channels, product development, credit underwriting, pricing, and fraud monitoring. Prior to joining Capital One, Kleber was an engagement manager with McKinsey & Company. A native of Brazil, Kleber holds a bachelor's degree in civil engineering from Universidade Federal da Bahia, Brazil and master's degrees in both business administration and management of information technology from the University of Virginia. He previously served as a second lieutenant of infantry in the Brazilian Army Reserve Forces.

Ms. Morris is the former executive vice president and head of the Global Employee Benefits business of MetLife, Inc., a global provider of life insurance, annuities, employee benefits and asset management services. She served as executive vice president and head of the Global Employee Benefits business from 2011 and interim head of the U.S. Business from 2016 until July 2017, with responsibility for MetLife's U.S. Business and Employee Benefits business in more than 40 countries, including its relationships with multinational companies and distribution relationships with financial institutions. Ms. Morris served in multiple other leadership roles after joining MetLife in 1984, including as chief marketing officer from April 2014 to January 2015 and as head of Global Technology and Operations from 2008 until 2011 where she oversaw the successful integration of MetLife's $16.4 billion acquisition of American Life Insurance Company. She serves on the board of directors of S&P Global Inc., where she is Chair of the audit committee, and on the board of directors of Resolution Life. She is a member of the board of trustees of Catholic Charities Archdiocese of New York and Chair of the board of directors of All Stars Project, Inc.

Mr. Chancy served as vice Chair and consumer segment executive of SunTrust Banks, Inc. from April 2017 and co-chief operating officer from February 2018 until he retired in December 2019. As vice Chair, consumer segment executive, and co-chief operating officer, he led SunTrust's consumer segment, which included consumer banking, mortgage and consumer lending, private wealth management, deposits and virtual channels, and consumer operations. Previously, Mr. Chancy led SunTrust's wholesale banking segment from April 2011 to April 2017, which included corporate and investment banking, commercial and business banking, treasury and payment solutions, and commercial real estate banking. Mr. Chancy served as chief financial officer (CFO) of SunTrust from August 2004 to April 2011, which included oversight of the treasury, investor relations, strategic finance, controllers, mergers and acquisitions, tax, and insurance functions, and was treasurer of SunTrust from July 2001 until August 2004. He previously served as CFO of The Robinson-Humphrey Company, Inc., which was purchased by SunTrust in 2001.

Job Titles:

• Senior Executive Vice President

Mike Santomassimo is senior executive vice president and the chief financial officer (CFO) of Wells Fargo, responsible for the company's financial management functions including accounting and control, financial planning and analysis, line of business finance functions, asset-liability management, treasury and tax. He is also responsible for the company's investment portfolios, corporate development, and investor relations. Mike serves on the Wells Fargo Operating Committee and is based in New York. A 25-year veteran of banking, Mike previously served as CFO at BNY Mellon where he was responsible for the controller, treasury, investor relations, strategic planning, corporate development and tax functions, as well as its leasing businesses. He was also responsible for business resiliency, regulatory relations, and corporate services. Mike joined BNY Mellon in 2016 as CFO for its investment services businesses. Prior to joining BNY Mellon, Mike was CFO for Banking at JPMorgan Chase, which included investment banking (advisory and equity & debt capital markets) and treasury services. He also was CFO of JPMorgan's securities services & U.S. private banking businesses and ran the strategy and finance team for Smith Barney's brokerage division. Mike earned his bachelor's degree in finance from The American University and an executive MBA from New York University. Mike served as a member of the board of trustees of The Peck School in Morristown, New Jersey.

Job Titles:

• Chief Auditor
• Senior Executive Vice President
• Certified Internal Auditor and Chartered Internal Auditor

Senior Executive Vice President and Chief Auditor Paul Ricci leads the Internal Audit organization consisting of approximately 1,500 team members. The organization's responsibilities include delivering independent and objective internal audit assurance on the design and operating effectiveness of the controls supporting the company's governance, risk management, and control functions. Paul is a Certified Internal Auditor and Chartered Internal Auditor. He earned his Bachelor's degree in Accounting as well as his Master's degree in Finance and Quantitative Analysis from St. John's University. Paul also holds certificates in Operational Excellence from MIT and Strategy from Columbia Business School.

Mr. Payne served as vice Chair, Wholesale Banking, of U.S. Bancorp from November 2010 until he retired in April 2016, and as vice Chair, Corporate Banking, at U.S. Bancorp from July 2006 to November 2010. As vice Chair, Wholesale Banking, Mr. Payne had responsibility throughout the United States for U.S. Bank's national corporate banking, commercial banking, capital markets, commercial real estate, financial institutions, equipment finance, global treasury management, government and non-profit banking, leveraged lending, specialty finance, and high-grade fixed income businesses. During his time at U.S. Bancorp, Mr. Payne was a member of the managing committee and other senior management committees, the U.S. Bank Foundation and U.S. Bancorp's "Proud to Serve" Veterans network. He also was a board member of the Securities Industry and Financial Markets Association and a member of the Financial Services Roundtable.

Mr. Davis served as President and CEO of Make-A-Wish America, a nonprofit organization, from 2019 until he retired in November 2022. He is the former Executive Chair and former CEO of U.S. Bancorp, parent company of U.S. Bank, one of the largest commercial banks in the United States. Mr. Davis served as Executive Chair from December 2007 to April 2018, CEO from December 2006 to April 2017, and held various other executive positions at U.S. Bancorp, including President and Chief Operating Officer. During his career, he has served as Chair of the Financial Services Roundtable, Chair of the Consumer Bankers Association, Chair of The Clearing House, and representative for the Ninth District of the Federal Reserve, where he was President of its Financial Advisory Committee.

Mr. Sargent is the former Chair and chief executive officer of Staples, Inc., a business products retailer, headquartered in Framingham, Massachusetts. He joined Staples in 1989 and progressed through a variety of management positions before he was named chief executive officer in 2002 and Chair in 2005, positions he held until June 2016 and January 2017, respectively. Before joining Staples, Mr. Sargent served in a variety of management positions at The Kroger Co. He also is the lead director of The Kroger Co. and a director of Five Below, Inc. Currently, Mr. Sargent is a member of the board of governors of the Boys & Girls Clubs of America, the board of directors of City of Hope, and the board of trustees of Northeastern University. He also is Chair of the board of directors of the John F. Kennedy Library Foundation.

Job Titles:

• Executive Co
• Head of Consumer, Small & Business
• Member of the Board of Trustees for the Museum of American Finance

Saul Van Beurden is the head of Consumer, Small & Business Banking (CSBB), which serves our consumer, small, and business banking customers through all digital channels, numerous retail branches, ATMs, and customer service centers. Saul previously served as the head of Technology and led the global team of information technology and security professionals. Under his leadership, the team executed an engineering-led IT strategy, driving the company's transformation efforts to become a leader in risk management and innovation for our customers and clients. Saul is the executive co-sponsor for Wells Fargo's Disability Connection Employee Resource Network, and in 2020, started the Neurodiversity Hiring program in Technology, which has now been scaled to other functions at the company. He also sits on the Board of the Wells Fargo Foundation, which harnesses the power of philanthropy. Prior to joining Wells Fargo in April 2019, Saul was chief information officer of Consumer and Community Banking at JPMorgan Chase. He also has served in Technology & Operations leadership roles at Marsh & McLennan, ING Group, and various firms in his native Netherlands. Saul is a member of the Board of Trustees for the Museum of American Finance in New York. He is based in New York.

Job Titles:

• Chief Operating Officer
• Senior Executive Vice President

Scott Powell is senior executive vice president and chief operating officer of Wells Fargo. He also serves as a member of the Wells Fargo Operating Committee. Among Scott's areas of responsibility are operations, control executives, strategic execution, business continuity and resiliency, regulatory relations, customer experience, enterprise shared services, supply chain management, and the corporate properties group. He is based in New York City. Scott has more than three decades of experience working in retail banking, risk management, and consumer and auto lending. He was previously CEO of Santander Holdings USA, Inc. as well as CEO of Santander Consumer USA Holdings Inc., a publicly traded consumer finance company focused on vehicle finance. He also held a variety of roles at JPMorgan Chase & Co., including Head of Banking and Consumer Lending Operations, CEO of Consumer Banking and Retail Investments, President of Consumer Lending, as well as Chief Risk Officer, Consumer. Scott began his career with Citigroup, holding multiple risk management roles over 14 years. Scott holds a Bachelor of Arts from the University of Minnesota and a Master of Business Administration from the University of Maryland. He serves on the board of trustees of Phipps Houses and the international board of the END Fund in New York City.

Mr. Black was elected Chair of Wells Fargo's Board of Directors, effective August 2021. Mr. Black was co-chief executive officer of Bregal Investments, Inc., a private equity firm, from September 2012 until his retirement in December 2021. He was Vice Chair of JPMorgan Chase & Co. from March 2010 until February 2011, where he was a member of the Operating and Executive Committees. Prior to that position, Mr. Black was Executive Chair of JPMorgan's investment bank from October 2009 until March 2010. He served as co-chief executive officer of JPMorgan's investment bank from 2004 until 2009. Mr. Black was the deputy co-chief executive officer of JPMorgan's investment bank from 2003 until 2004. He also served as head of JPMorgan investment bank's Global Equities business from 2000 until 2003, following a career at Citigroup Inc. and its predecessor firms. Mr. Black previously served on the board of directors of The Bank of New York Mellon Corporation and is currently a member of the board of directors of Nasdaq, Inc.

Job Titles:

• President of Kilovolt Consulting, Inc

Ms. Vautrinot is currently President of Kilovolt Consulting, Inc., a cyber security strategy and technology consulting firm. She retired from the United States Air Force in October 2013 after 31 years of distinguished service, including as Major General and Commander, 24th Air Force, Air Forces Cyber and Air Force Network Operations from April 2011 to October 2013 where she oversaw a multibillion-dollar cyber enterprise responsible for operating, extending, maintaining, and defending the Air Force portion of the Department of Defense global network. Ms. Vautrinot also served as Director of Plans and Policy, U.S. Cyber Command (May 2010 to December 2010), Deputy Commander, Network Warfare, U.S. Strategic Command (June 2008 to December 2010), and Commander, Air Force Recruiting Service (July 2006 to June 2008). Ms. Vautrinot was a National Security Fellow at the John F. Kennedy School of Government at Harvard University and, in 2017, was elected a member of the National Academy of Engineering.

Mr. Craver is the former Chair, president, and CEO of Edison International, an electric utility holding company located in Rosemead, California. He served as Chair, president and CEO of Edison International from 2008 to 2016 and as Chair and CEO of Edison Mission Energy, a subsidiary of Edison, from 2005 to 2008. He joined Edison in 1996 and held other senior management positions, including executive vice president, chief financial officer, and treasurer. Before joining Edison, Mr. Craver served as executive vice president and corporate treasurer of First Interstate Bancorp, a Wells Fargo predecessor company, and executive vice president and chief financial officer of First Interstate's wholesale banking subsidiary. Mr. Craver is Independent Lead Director and Chair of the corporate governance committee of the board of directors of Duke Energy Corporation. He also serves as senior advisor to the Blackstone Group and to Bain & Company. Mr. Craver is a member of the advisory board of the Center on Cyber and Technology Innovation, the board of trustees of the Autry Museum of the American West, the advisory board of the Smithsonian National Museum of American History, and the Western Los Angeles County Council of the Boy Scouts of America.

Job Titles:

• Head of Technology

Tracy Kerrins is the head of Technology and a member of the Operating Committee at Wells Fargo. Tracy leads a team of information technology and security professionals around the globe. Together they are executing an engineering-led IT strategy to deliver stable, secure, scalable and innovative services that provide Wells Fargo's global customers 24/7 banking access through branch, digital, ATM, and other channels. Tracy and her team play a critical role in Wells Fargo's digital transformation, including designing and executing a strategy to advance the company's customer and employee experiences. Her leadership is critical to the company's risk management and innovation strategies. Previously, Tracy held the role of Chief Information Officer (CIO) for both Consumer Technology and Enterprise Functions Technology. As a CIO, Tracy was instrumental in modernizing the technology and reinventing the customer experience for the Wells Fargo's Auto, Credit Card, Payments, Home Lending, and Small Business units, and during the pandemic, ensuring that employees within these groups maintained connectivity. Tracy joined Wells Fargo in October 2019 from Antares Capital where she was the Chief Operations and Technology Officer. Prior to that, she served in several senior leadership roles over 15 years at Bank of America, Accenture and PriceWaterhouseCoopers. Tracy is a passionate advocate of diversity in the workplace and has provided leadership to women in technology groups throughout her career. At Wells Fargo, she launched and currently serves as executive sponsor for the Women in Technology advocacy group and was previously the co-chair of the Wells Fargo Technology Diversity, Equity, and Inclusion Council. To help increase diversity in technology and computing sectors, Tracy serves on the board at The National Center for Women & Information Technology (NCWIT). In January, Tracy was selected as a 2023 Women in Business Award winner by The Charlotte Business Journal. She also received the 2022 Carolina CIO of the Year ORBIE award in the Super Global category. In addition, American Banker recognized Tracy as a standout in their 2021 Most Powerful Women in Banking program, an honor for extraordinary leaders in roles of enormous importance. In 2020, she was featured as one of the Women Worth Watching® in STEM by the Profiles in Diversity Journal. Tracy earned a degree in Industrial and Operations Engineering from the University of Michigan. She lives in Charlotte with her husband and three children.

Job Titles:

• Advisor to Permira

Wayne M. Hewett has served as an advisor to Permira, a global private equity firm, since March 2018. He has been Chair of Cambrex Corporation, a company involved in research, development, and manufacture of small molecule therapeutics, since December 2019, and he has served on the board of directors of Lytx Inc., a telematics company, since January 2021. From February 2018 until December 2021, Mr. Hewett was Chair of DiversiTech Corporation, a leading aftermarket manufacturer and distributor of HVAC products. From August 2015 to November 2017, he was CEO of Klöckner Pentaplast Group, a packaging company. Mr. Hewett was president and CEO of Arysta LifeScience Corporation, which at the time was one of the world's largest privately held crop protection and life science companies, from January 2010 until Arysta's acquisition by Platform Specialty Products Corporation in February 2015, where he served as president until August 2015. Mr. Hewett's career has also included more than 20 years with General Electric Company, including as vice president, Supply Chain and Operations, president and CEO of GE Advanced Materials, president and CEO of GE Silicones, president of GE Plastics Pacific, president of GE Toshiba Silicones, and member of GE's Corporate Executive Council. He currently serves on the board of directors of The Home Depot, Inc. and United Parcel Service, Inc.

Job Titles:

• Vice Chairman of Public Affairs

William M. Daley is vice chairman of Public Affairs for Wells Fargo and a member of the company's Operating Committee. He joined Wells Fargo in 2019, leading the Public Affairs organization, which includes Communications & Brand Management, Government Relations & Public Policy, Social Impact, Sustainability, and the Business Execution Office. Throughout his career, William has held numerous roles in both public service and finance. A lawyer by profession, he served as White House Chief of Staff to President Barack Obama. Prior to this role, he served as U.S. Secretary of Commerce in the Clinton administration, and in 2000, ran then-Vice President Al Gore's presidential campaign. In the private sector, William served as vice chairman at JPMorgan Chase and later at BNY Mellon. He previously served as president of SBC Communications and president and chief operating officer at Amalgamated Bank of Chicago. In 2022, William joined the Global Board of Advisors for Operation HOPE, Inc., the nation's largest non-profit dedicated to financial empowerment for underserved communities. He continues to serve as a board member of the Center for Strategic and International Studies, the Chicago Council of Global Affairs, and Third Way. He is passionate about serving the community, and remains active with numerous academic, medical, charitable, and civic organizations. William formerly served on the Board of Directors of Abbot, Boeing, and Merck. He is a graduate of Loyola University and earned a J.D. from the John Marshall Law School.