Thursday, December 06, 2012 12:41 pm
Bio Box: John Stumpf, CEO of Wells Fargo
By The Associated Press
HOMETOWN: Pierz, Minn.
FAMILY: Married with two adult children.
EDUCATION: Finance degree from St. Cloud State University in St. Cloud, Minn. MBA from the University of Minnesota.
CAREER: Stumpf's first job out of college, in 1976, was as a repo agent for a regional bank in Minnesota. A few years later, he joined Minneapolis-based Norwest Corp., which later bought Wells Fargo and adopted its name and San Francisco headquarters.
Stumpf worked as a regional president around the western U.S., and moved up to the CEO job in 2007 after Dick Kovacevich retired. In 2008, Stumpf led the bank as it scooped up rival Wachovia, elbowing Citigroup's bid out of the way and cementing its status as a relative champion in a financial crisis that felled many of its rivals.