American enterprise govt and retail banker John Gerard Stumpf was born on September 15, 1953. John Stumpf served as chairman and chief govt of Wells Fargo, certainly one of many Big Four US banks.
Stumpf was raised on a dairy and poultry farm in Pierz, Minnesota, the place he was thought of certainly one of 11 children. John Stumpf was raised by a dairy farmer. John Stumpf’s mother is Polish by starting, nonetheless his father is German. John Stumpf was launched up Catholic.
Before getting married, Stumpf slept within the equivalent room as his brothers. John Stumpf obtained a highschool diploma on the bottom of his class.
In a Pierz bakery, John Stumpf had his first job as a bread maker. After a 12 months, Stumpf made a provisional enrollment at St. Cloud State University. In the tip, John Stumpf was employed by First Bank in St. Paul, Minnesota, to work as a repossession agent.
John Stumpf was elected to the board of directors in June 2006, given the title of CEO in June 2007, and given the title of president in August 2005. John Stumpf took office as chairman in January 2010.
After a problem involving purchaser accounts and subsequent stress from most of the people and lawmakers, Stumpf resigned from his place as chairman and CEO of Wells Fargo on October 12, 2016. Timothy J. Sloan took over as his various.
What Is John Stumpf Doing Now?
What John Stumpf does now isn’t recognized nonetheless everyone knows he’s out of banking. A life ban from the banking enterprise has been imposed on John Stumpf, the earlier chairman and CEO of Wells Fargo, due to the monetary establishment’s 2016 fake account scandal.