Wells Fargo Announces Preliminary Voting Results for 2024 Annual Meeting of Shareholders

Shareholders elect 13 director candidates, including one new independent director

SAN FRANCISCO–(BUSINESS WIRE)–Wells Fargo & Company (NYSE: WFC) announced today that its shareholders have elected as directors 13 nominees named in the company’s proxy statement, including One new independent director: Fabian T. Garcia. Upon his election, Garcia was appointed to the Board of Directors’ Finance Committee.

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Wells Fargo branch at Wells Fargo Center (Photo: Wells Fargo)

Wells Fargo CEO Charlie Scharf said, “I look forward to working with Fabian and the rest of the board of directors to continue to transform Wells Fargo.” He brings a wealth of experience and capabilities to the work of the Board.

Steven Black, Wells Fargo's independent chairman of the board, said Fabian will add deep strategic planning and business operations experience to our board. We are lucky to have him join us.

In addition, shareholders also approved an advisory proposal on executive compensation and approved the appointment of KPMG as the company's independent registered public accounting firm through 2024. voting standards, but did not approve an amendment to remove the supermajority voting standard from the articles of incorporation. Shareholders did not approve eight shareholder proposals presented at the meeting.

The final vote results will be reported on Form 8-K, which will be filed with the U.S. Securities and Exchange Commission (SEC) and available on the SEC's website at www.sec.gov.

Biographical information

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Fabian Garcia

Garcia has more than 40 years of global consumer products and retail executive experience, overseeing iconic consumer brands across markets.He currently serves as Global President of Personal Care and a member of the executive leadership team Unilever (LON:), a British multinational consumer products company. Prior to joining Unilever, Garcia served as CEO and president of Revlon and also held senior leadership positions at Colgate-Palmolive (NYSE:), Timberland Company, Chanel and Procter & Gamble .

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading financial services company with approximately $1.9 trillion in assets. We offer a diverse range of banking, investment and mortgage products and services, as well as consumer and commercial finance, through four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management. Wells Fargo ranks No. 47 on Fortune's 2023 ranking of the largest U.S. companies. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial wellness and a low-carbon economy. Wells Fargo news, insights and perspectives can also be found at Wells Fargo Stories.

For more information, visit www.wellsfargo.com

LinkedIn: https://www.linkedin.com/company/wellsfargo

Press release categories: WF-CF

Beth Richick, 704-374-2545

investor relations
John Campbell, 415-396-0523

Source: Wells Fargo

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