Timothy J. Sloan
|Alma mater||University of Michigan|
|Title||Former CEO and president, Wells Fargo|
|Term||October 2016-March 2019|
|Successor||C. Allen Parker (interim CEO)|
Timothy J. Sloan (born 1959/60) is an American banker. He was the chief executive officer (CEO) of Wells Fargo from October 2016 until he resigned in March 2019, after significant pressure related to an ongoing controversy related to an account fraud scandal.He had previously been chief operating officer (COO) and chief financial officer (CFO).
Sloan earned a BA in economics and history and an MBA in finance and accounting, both from the University of Michigan–Ann Arbor.
Sloan worked as a bank teller at Standard Federal Savings and Loan Association in Ann Arbor, during the summer holidays while a student. In 1984, he joined Continental Illinois National Bank and Trust.In 1987, he joined Wells Fargo, rising to COO and president in November 2015.
On March 28, 2019 Sloan quit Wells Fargo effective June 30, 2019 after struggling for two and a half years to contain scandals that led to public criticism by US bank regulators and calls in Congress for his departure.
In the Netflix series Dirty Money, he is shown to refrain from shaking an ex-employees hand prior to a testimony. He resigned 2 weeks later.
Sloan is married, with three adult children, and lives in San Marino, a suburb of Los Angeles.
A chief operating officer or chief operations officer, also called a COO, is one of the highest-ranking executive positions in an organization, composing part of the "C-suite". The COO is usually the second-in-command at the firm, especially if the highest-ranking executive is the chairperson and CEO. The COO is responsible for the daily operation of the company and its office building and routinely reports to the highest-ranking executive—usually the chief executive officer (CEO).
The Curtis L. Carlson School of Management is the business school of the University of Minnesota, a public research university in the Twin Cities of Minneapolis and Saint Paul, Minnesota. The Carlson School offers undergraduate and graduate degrees as well as an executive education program. The Carlson School also offers dual degrees with the colleges and schools of public affairs, law, medicine, and public health.
Tim Howes is a software engineer, entrepreneur and author. He is the co-creator of the Lightweight Directory Access Protocol (LDAP), the Internet standard for accessing directory servers. He co-founded enterprise software company Opsware, internet browser company Rockmelt, and children's education company, Know Yourself. He has co-authored two books, several Internet RFCs, and holds several patents.
Charles H. Noski was the Chairman of the Board of Directors of Wells Fargo & Company from March 2020 to August 2021. He previously held a variety of positions, including the position of CFO at AT&T, Bank of America, and Northrop Grumman, as well as the positions of director and chairman of the audit committee of Microsoft.
Chase Carey is an Irish-born American executive. He is the former chief executive officer and executive chairman of the Formula One Group. He has previously worked for News Corp, DIRECTV, 21st Century Fox and Sky plc.
Alan Roger Mulally is an American aerospace engineer and manufacturing executive.
John Gerard Stumpf is an American business executive and retail banker. He was the chairman and chief executive officer of Wells Fargo, one of the Big Four banks of the United States. He was named CEO in June 2007, elected to the board of directors in June 2006, and named president in August 2005. He became chairman in January 2010. Stumpf resigned as chairman and CEO of Wells Fargo on October 12, 2016, after a scandal involving customer accounts and subsequent pressure from the public and lawmakers. He was succeeded by Timothy J. Sloan.
Thomas E. Dooley was the interim president and CEO of Viacom from August until November 15, 2016. He was named COO in May 2010. He had previously held the position of senior executive vice president, chief financial officer and chief administrative officer.
Wells Fargo & Company is an American multinational financial services company with a significant global presence. The company operates in 35 countries and serves over 70 million customers worldwide. It is a systemically important financial institution by the Financial Stability Board and is considered one of the "Big Four Banks" in the United States, alongside JPMorgan Chase, Bank of America, and Citigroup.
Elizabeth "Betsy" Ashburn Duke is an American bank executive who served as a member of the Federal Reserve Board of Governors from 2008 to 2013. Duke was confirmed by the Senate to fill an unexpired term ending January 31, 2012. She was the seventh woman to be appointed to the board. In July 2013 she announced her resignation from the board.
Wolfgang Bernhard is a former member of the Board of Management of Daimler AG. He served as the former President and COO of Chrysler from 2000 to 2004.
C. Allen Parker is an American business executive and attorney. He was the senior executive vice president and general counsel of Wells Fargo, and also served as its interim CEO and president. Prior to joining Wells Fargo, Parker was a partner at New York law firm Cravath, Swaine & Moore LLP, and served as its fifteenth presiding partner.
Tom Anselmi is a Canadian sports executive. He is currently employed by the OEG serving as the President of Business Operations and Chief Operating Officer. He had previously served as a Business Manager with the Ottawa Senators and as the President and Chief operating officer for Maple Leaf Sports & Entertainment from 2011 to 2013. Anselmi is an alumnus of Ryerson Polytechnical Institute and University of Saskatchewan.
John Legere is an American businessman, former chief executive officer (CEO) and president of T-Mobile US. He previously worked for AT&T, Dell, Global Crossing. He resigned as CEO following the approval of the merger of T-Mobile and Sprint.
Rakesh Khanna was the chief executive officer of Atos Syntel.
Charles "Charlie" W. Scharf is an American investment banker and business executive who serves as the chief executive officer and president of Wells Fargo. He was previously the CEO of Visa Inc. and BNY Mellon, and has been an independent director on the Microsoft board of directors since 2014.
Devin Norse Wenig is an American business executive. From July 2015 to September 2019, Wenig was president and CEO of eBay. From April 2008 to August 2011, Wenig was CEO of Thomson Reuters Markets, the financial and media businesses of Thomson Reuters Corporation.
Frank J. Bisignano is an American businessman and the President and CEO of Fiserv. He previously served as the CEO of First Data Corporation and the COO of JPMorgan Chase.
The Wells Fargo cross-selling scandal is a controversy brought about by the creation of millions of fraudulent savings and checking accounts on behalf of Wells Fargo clients without their consent. News of the fraud became widely known in late 2016 after various regulatory bodies, including the Consumer Financial Protection Bureau (CFPB), fined the company a combined US$185 million as a result of the illegal activity. The company faces additional civil and criminal suits reaching an estimated $2.7 billion by the end of 2018. The creation of these fake accounts continues to have legal, financial, and reputational ramifications for Wells Fargo and former bank executives as recently as November 2022.