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Wells Fargo CEO John Stumpf Retires Effective Immediately

Wells Fargo & Co. Chairman and CEO John Stumpf has informed the company’s board of directors that he will be stepping down from both positions effective immediately, the San Francisco-based bank said Wednesday. The bank’s board elected President and Chief Operating Officer Tim Sloan to replace Stumpf, the Charlotte Observer reports. Stumpf’s retirement comes after […]
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