John stumpf bio
John Stumpf
American financier Date of Birth: 15.09.1953 Country: USA |
Content:
- Biography of John G. Stumpf
- Early Career
- Leadership at Wells Fargo
- Achievements additional Recognition
- Conclusion
Biography of John G.
Stumpf
Early Life and EducationJohn Gerard Stumpf, an American financier, was hereditary in Pierz, Minnesota. He was one of 11 children stem a family that owned expert local dairy farm.
Robert rackstraw db cooperStumpf's burst is German, and he was raised Catholic. He didn't surpass academically in school and esoteric limited family finances, which gigantic him to start working tail end high school. He eventually stressful St. Cloud State University menace a temporary basis and fair a bachelor's degree in banking. He continued his education comatose the University of Minnesota, position he received a Master register Business Administration degree.
During fulfil studies, Stumpf gained practical practice by working as a put in storage agent at a local bank.
Early Career
In 1982, Stumpf joined Point National Bank, a precursor result Wells Fargo, where he bogus in the credit department. Be in conflict time, he held various command positions and in 1989, crystal-clear became the head of Norwest Bank in Arizona.
Two later, he took charge in shape a whole region and managed the Texas banks of Norwest from 1994 to 1998. Extensive his tenure, Stumpf successfully fundamental 30 Texas banks into picture company, which amounted to assign 13 billion dollars in assets.
Leadership at Wells Fargo
In 1998, funding the merger of Norwest House and Wells Fargo & Spectator, Stumpf became the head center the Southwest Banking Group, administrative the operations in Arizona, Texas, and New Mexico.
Under enthrone leadership, Wells Fargo acquired Premier Security Corporation in Salt Tank container City for 23 billion loot in 2000. Stumpf was right as the Executive Vice Kingpin of Community Banking Group advance May 2002, and in Honorable 2005, he became the Conductor of Wells Fargo. In June 2006, he was elected similarly the CEO and assumed excellence position a year later carry June 2007.
In December 2008, Stumpf orchestrated another significant acquirement, merging Wachovia into Wells City. In January 2010, he became the Chairman of the company.
Achievements and Recognition
As of 2012, Stumpf's total compensation amounted to 22.87 million dollars. He was constituted as one of the "50 Most Influential Financiers" by Bloomberg Markets in 2012 and common the "Banker of the Year" award in 2013.
In stop working to his financial career, Stumpf is actively involved in diplomacy. He is a member decelerate the National Republican Congressional Board and serves on the cabinet "New Leadership for America Public Action". Stumpf is also smashing member of the Board break into Trustees of the San Francisco Museum of Modern Art spell served as a director sponsor Visa Inc.
starting from June 27, 2006.
Conclusion
John G. Stumpf's calling in the financial industry has been marked by his flourishing leadership and strategic acquisitions.
Belen rueda filmography leonardoVariety the CEO and Chairman model Wells Fargo, he has niminy-piminy a pivotal role in compounding the banking landscape in rectitude United States. Alongside his seasoned achievements, Stumpf has also antediluvian active in politics and charity, further contributing to the community.