DS News - U.S. Bank

» VISIT US ONLINE @ DSNEWS.COM 61 "I know no better individual to lead this company forward than Tim Sloan," John Stumpf said in his statement announcing his exit. But why? What makes Tim Sloan the man for the moment? Sloan says that his leadership style is a combination of approaches that can be best used at different times depending upon the situation. "ere have been a few lessons I have embraced and try to pass along to others, including: hire people who are smarter than you; take care of those people, treat them fairly and challenge them; never ask them to do something you would not do; admit when you are wrong, but never, ever waiver when you believe you are right; and be a role model for honest and ethical behavior," says Sloan. "Clearly, right now at Wells Fargo, my job is to ensure we are all applying tremendous focus on making the changes necessary to help rebuild trust and always doing what is right for our customers," he continued. "is is foundational to who we are and how we operate. And, at the same time, I want to remind our 265,000 team members around the world that while we have a lot of work to do, Wells Fargo has been successfully operating for 164 years, and we look forward to being there for our customers for another 164 years and beyond. We have an incredible legacy and a bright future." ough Wells Fargo has a long way to go in terms of recovering the confidence and trust of their customers, one thing seems certain: Tim Sloan is committed to ensuring that the reputation of the nation's largest mortgage lender remains in-tact for years to come. "ese recent weeks have not been easy, but I could not be more proud to lead a company with such an outstanding history and with so many dedicated team members in all of our businesses." Tim Sloan's Journey Through the Ranks of Wells Fargo 1987 Sloan joins Wells Fargo in the Loan Adjustment Group 1991-2010 Sloan holds various leadership roles in Wholesale Banking including Head of Commercial Banking, Real Estate, and Specialized Financial Services. SEPTEMBER 2010 Sloan becomes Chief Administrative Officer, managing Corporate Communications, Corporate Social Responsibility, Enterprise Marketing, Government Relations, and Corporate Human Resources FEBRUARY 2011 Sloan transitions to Chief Financial Officer, responsible for financial management functions including controllers, financial reporting, asset liability management, treasury, investor relations, and investment portfolios 2014 Sloan leads the company's Wholesale Banking business, overseeing approximately 50 different businesses NOVEMBER 2015 Sloan is appointed to President and Chief Operating Officer, responsible for the operations of the company's four main business groups: Community Banking, Consumer Lending, Wealth and Investment Management, and Wholesale Banking OCTOBER 2016 Sloan gets elected Chief Executive Officer and a member of the Board of Directors COVER STORY INDUSTRY INSIGHT INDUSTRY INSIGHT INDUSTRY INSIGHT

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