Timothy J. Sloan (born 1959/60) is an American banker. He was the chief executive officer (CEO) of Wells Fargo from October 2016 until he resigned in March 2019, after significant pressure related to an ongoing controversy related to an account fraud scandal.[2][3][4] He had previously been chief operating officer (COO) and chief financial officer (CFO).[5]
Timothy J. Sloan | |
|---|---|
| Born | 1959 or 1960 (age 64–65)[1] |
| Nationality | American |
| Alma mater | University of Michigan |
| Occupation | Banker |
| Title | Former CEO and president, Wells Fargo |
| Term | October 2016-March 2019 |
| Predecessor | John Stumpf |
| Successor | C. Allen Parker (interim CEO) |
| Spouse | Married |
| Children | 3 |
Education
editSloan earned a BA in economics and history and an MBA in finance and accounting, both from the University of Michigan–Ann Arbor.[4]
Career
editSloan worked as a bank teller at Standard Federal Savings and Loan Association in Ann Arbor, during the summer holidays while a student. In 1984, he joined Continental Illinois National Bank and Trust.[6] In 1987, he joined Wells Fargo, rising to COO and president in November 2015.[3]
Consumer Financial Scandals
editOn March 28, 2019 Sloan quit Wells Fargo effective June 30, 2019 after struggling for two and a half years to contain scandals that led to public criticism by US bank regulators and calls in Congress for his departure.[7]
In the Netflix series Dirty Money, he is shown to refrain from shaking an ex-employees hand prior to a testimony. He resigned 2 weeks later.
Personal life
editSloan is married, with three adult children, and lives in San Marino, a suburb of Los Angeles.[1][8]
References
edit- ^ a b "Wells Fargo turns to no-nonsense professional Tim Sloan". Ft.com. Retrieved 2016-10-17. (subscription required)
- ^ Puzzanghera, Jim (28 March 2019). "Wells Fargo CEO Tim Sloan steps down as bank struggles to get past scandals". Los Angeles Times.
- ^ a b "List of Public Companies Worldwide, Letter - Businessweek - Businessweek". Bloomberg.com. Retrieved 2016-10-17.
- ^ a b "Timothy J. Sloan Biography : President, and CEO : Wells Fargo". Wellsfargo.com. Retrieved 2016-10-17.
- ^ "Timothy J. Sloan Biography –President, and CEO – Wells Fargo". www.wellsfargo.com. Retrieved 2018-08-23.
- ^ Glazer, Emily (2015-11-18). "Wells Fargo Picks the Next in Line". WSJ.com. Retrieved 2016-10-17.
- ^ "Tim Sloan steps down as Wells Fargo chief executive". Financial Times.
- ^ Dreier, Peter (2012-12-02). "Putting Names And Faces To The 1 Percent: Wells Fargo's Tim Sloan". Huffington Post. Retrieved 2016-10-17.