SAN FRANCISCO, Sep 03, 2010 (BUSINESS WIRE) - Wells Fargo & Company (WFC 25.93, 0.83, 3.31%) announced today That Tim Sloan has Been named the company's chief administrative officer, a new position reports That you directly to Chairman , President and Chief Executive Officer John G. Stumpf. Effective immediately, the Functions of Corporate Communications, Corporate Social Responsibility, Enterprise Marketing, Government Relations and Human Resources will report Thurs Sloan as they assumes leadership of the company's brand, Reputation Management, stakeholder engagement and Development Efforts people.
An executive vice president of the company, Sloan has served most recently as Wells Fargo's head of Commercial Banking, Real Estate and Specialized Financial Services. In That Role, Sloan oversaw Operations within the Wholesale Banking group That Provided credit and non-credit Products and Services Thurs 40.000 more than just customers based on their world wide. His groups included more than just 25 Distinct Businesses with More Than $ 200 Billion in assets, operating out of more than just 440 offices in 40 states and in Asia, Canada and London. Those business lines will Remain in Wholesale Banking.
"Tim has demonstrated the kind of business acumen and leadership teams Thurs That inspires Higher Levels of performance," said Stumpf. "He is a trustworthy and Effective ambassador for the company, having" cultivated long-term Relationships with many valued clients. He listens, as well as Leads, and their lives Wells Fargo's customer-Focused Culture. These qualities make him the right Individual to Lead a More Holistic Approach to how me communicate our brand, Engage with the communities me serve and Develop our people. His selection and this Reorganization Fully reflect our view That Wells Fargo's profile and Opportunities, Especially in light of our historic Merger with Wachovia, are poised Thurs grow. "
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