Wells Fargo Backs CEO Sloan Amid Rumors He’s Being Replaced
March 26, 2019 by Hannah Levitt and Michelle Kim
The New York Post reported Thursday that members of the bank’s board are in talks with Harvey Schwartz to take over as CEO, citing unidentified people. The bank reiterated the statement of support for Sloan that it gave last year, when the Post said the board was talking with former Goldman Sachs president Gary Cohn.
“Rumors that Wells Fargo’s board of directors reached out to potential CEO candidates are completely false,” Betsy Duke, the bank’s chair, said in an emailed statement to Bloomberg. “Tim Sloan has the unanimous support of the board, and this support has never wavered.”
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