Wells Fargo & Co's board is in talks with Harvey Schwartz, the former presi...
FILE PHOTO: A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith
A Wells Fargo spokesperson told Reuters that there was “no validity” to rumors the bank was in talks with potential candidates for the CEO position. The bank’s board has consistently defended Sloan, saying his deep knowledge of Wells Fargo was an asset. In September the bank’s chair, Betsy Duke, shot down a similar NY Post report that the board was seeking to replace Sloan with former Goldman Sachs executive and Trump adviser Gary Cohn.“Rumors that Wells Fargo’s Board of Directors reached out to potential CEO candidates are completely false,” Duke said.
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