Item 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
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Item 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
INFORMATION ABOUT OUR EXECUTIVE OFFICERS
Muneera S. Carr (age 57)
Executive Vice President, Chief Accounting Officer and Controller since March 2020.
Ms. Carr has served with the Company for 6 years.
Bridget Engle (age 62)
Senior Executive Vice President and Head of Technology since August 2024;
Senior Executive Vice President, Chief Information Officer, and Global Head of Engineering at Bank of New York Mellon, a financial services company, from June 2017 to June 2024.
Ms. Engle has served with the Company for 1 year.
Kristy Fercho (age 59)
Senior Executive Vice President and Head of Financial Inclusion since May 2025;
Senior Executive Vice President leading efforts related to growth segments and inclusion from October 2022 to May 2025;
Executive Vice President and Head of Home Lending from July 2020 to April 2023.
Ms. Fercho has served with the Company for 5 years.
Derek A. Flowers (age 54)
Senior Executive Vice President and Chief Risk Officer since January 2022;
Senior Executive Vice President and Head of Strategic Execution and Operations from June 2019 to January 2022.
Mr. Flowers has served with the Company or its predecessors for 27 years.
Kyle G. Hranicky (age 56)
Senior Executive Vice President and CEO of Commercial Banking since September 2021;
Executive Vice President and Head of Wells Fargo Middle Market Banking from August 2018 to September 2021.
Mr. Hranicky has served with the Company or its predecessors for 31 years.
Bei Ling (age 55)
Senior Executive Vice President and Head of Human Resources since October 2021;
Managing Director, Human Resources at JPMorgan Chase & Co., a financial services company, from April 2013 to September 2021.
Ms. Ling has served with the Company for 4 years.
Ellen R. Patterson (age 52)
Senior Executive Vice President and General Counsel since March 2020.
Ms. Patterson has served with the Company for 5 years.
Scott E. Powell (age 63)
Senior Executive Vice President and Chief Operating Officer since December 2019.
Mr. Powell has served with the Company for 6 years.
Fernando S. Rivas (age 51)
Senior Executive Vice President and CEO of Corporate and Investment Banking since January 2025;
Senior Executive Vice President and Co-CEO of Corporate and Investment Banking from May 2024 to January 2025;
Managing Director, Investment Banking at JPMorgan Chase & Co., a financial services company, from September 2023 to February 2024;
Head of North American Investment Banking at JPMorgan Chase & Co. from February 2020 to September 2023.
Mr. Rivas has served with the Company for 1 year.
Jason Rosenberg (age 48)
Senior Executive Vice President and Head of Public Affairs since April 2024;
Head of Corporate Affairs at Block, Inc., a financial services technology company, from September 2022 to April 2024;
Managing Director, Head of U.S. Government Relations at JPMorgan Chase & Co., a financial services company, from October 2012 to September 2022.
Mr. Rosenberg has served with the Company for 1 year.
Michael P. Santomassimo (age 50)
Senior Executive Vice President and Chief Financial Officer since October 2020.
Mr. Santomassimo has served with the Company for 5 years.
Kleber R. Santos (age 52)
Senior Executive Vice President and Co-CEO of Consumer Banking and Lending since November 2025;
Senior Executive Vice President and CEO of Consumer Lending from July 2022 to November 2025;
Senior Executive Vice President leading efforts related to growth segments and inclusion from November 2020 to October 2022.
Mr. Santos has served with the Company for 5 years.
Charles W. Scharf (age 60)
Chairman, Chief Executive Officer and President since October 2025;
Chief Executive Officer and President from October 2019 to October 2025.
Mr. Scharf has served with the Company for 6 years.
Barry Sommers (age 56)
Senior Executive Vice President and CEO of Wealth and Investment Management since June 2020.
Mr. Sommers has served with the Company for 5 years.
Saul Van Beurden (age 56)
Senior Executive Vice President, Co-CEO of Consumer Banking and Lending, and Head of Artificial Intelligence since November 2025;
Senior Executive Vice President and CEO of Consumer, Small and Business Banking from May 2023 to November 2025;
Senior Executive Vice President and Head of Technology from April 2019 to May 2023.
Mr. Van Beurden has served with the Company for 6 years.
There is no family relationship between any of the Company’s executive officers or directors. All executive officers serve at the pleasure of the Board of Directors.
AUDIT COMMITTEE INFORMATION
The Audit Committee is a standing audit committee of the Board of Directors established in accordance with Section 3(a)(58)(A) of the Securities Exchange Act of 1934. The Committee has four members: Mark A. Chancy, Theodore F. Craver, Jr. (Chair), CeCelia G. Morken, and Ronald L. Sargent. Each member is independent, as independence for audit committee members is defined by NYSE rules. The Board of Directors has determined, in its business judgment, that each member of the Audit Committee is financially literate, as required by NYSE rules, and that Messrs. Chancy, Craver, Jr., and Sargent each qualifies as an “audit committee financial expert” as defined by SEC regulations.
CODE OF CONDUCT
The Company’s Code of Conduct applicable to employees (including executive officers) as well as directors, the Company’s corporate governance guidelines, and the charters for the Audit, Governance and Nominating, Human Resources, Finance, and Risk Committees are available at www.wellsfargo.com/about/corporate/governance. We intend to post on our website any amendments to, or waivers from, a provision of the Code of Conduct that applies to our directors or executive officers.
INSIDER TRADING POLICIES AND PROCEDURES
The Company has adopted insider trading policies and procedures governing the purchase, sale, and/or other dispositions of the Company’s securities by directors, officers, employees, and the Company itself, that we believe are reasonably designed to promote compliance with insider trading laws, rules and regulations, and the listing standards of the NYSE applicable to us. These policies and procedures are reflected in (i) the section of our Code of Conduct related to insider trading and other trading restrictions, which is applicable to all employees and directors; (ii) our Insider Trading Activity Policy, which is applicable to directors, officers, and certain other employees; and (iii) our Company Securities Issuance and Repurchase Policy, which is applicable to transactions by the Company. Each of these documents is filed under Exhibit 19 to this Annual Report on Form 10-K.
ADDITIONAL INFORMATION
Additional information with respect to our directors, executive officers, and corporate governance in response to this Item 10 will be in the 2026 Proxy Statement and is incorporated into this item by reference.
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