Who is on the board of directors?
Public companies are governed by boards of directors. A board of directors for a public company is a group of shareholder-elected individuals who oversee and guide the company's strategic direction. The company's CEO typically reports to and serves on the board.
There are 13 directors on Wells Fargo's board as of late 2025, none of whom predate 2015, primarily because a 2016 scandal prompted Wells Fargo to overhaul its board and leadership team. The scandal was rooted in the bank's aggressive sales culture where employees opened unauthorized accounts in customers' names to meet their sales goals.
Wells Fargo has since faced intense scrutiny, fines, and ongoing sanctions from regulators.