Directors of Wells Fargo & Company (NYSE: WFC) announced today that it has named Charles W. Scharf as the company’s chief executive officer and president, and a member of the Board of Directors, effective October 21 2019. Scharf was chairman and CEO of Bank of New York Mellon. Charles W. Scharf is the CEO and a Corporate Director of Visa Incorporated. From 2011 to 2012, Mr. Scharf was a Managing Director of One Equity Partners, the private investment arm of JPMorgan Chase & Co. From 2004 to 2011, Mr. Scharf served as CEO of Retail Financial Services at JPMorgan Chase & Co. He was CEO of the retail division of Bank One Corporation from 2002 to 2004. Mr. Scharf also served as Chief Financial Officer (CFO) of Bank One Corporation from 2000 to 2002. Prior to Bank One, he was CFO of the Global Corporate and Investment Bank division at Citigroup, Inc. from 1999 to 2000. From 1995 to 1999, he was the CFO of Salomon Smith Barney and its predecessor company. Mr. Scharf received a B.A. from The Johns Hopkins University and an M.B.A. from New York University.