Charles H. Noski Elected to Wells Fargo Board of Directors

SAN FRANCISCO–(BUSINESS WIRE)–Wells Fargo & Company (NYSE: WFC) today announced that Charles H. Noski
has been elected to the Company’s board of directors, effective June 1,
2019. Noski will serve on the board’s Audit and Examination Committee.

During his business career, Noski has served in numerous senior
leadership roles, including as vice chairman of Bank of America
Corporation, where he also served as executive vice president and chief
financial officer; chief financial officer and a director of Northrop
Grumman Corporation; chief financial officer and vice chairman of AT&T
Corporation; and president, chief operating officer, chief financial
officer and a director of Hughes Electronics Corporation, which was a
publicly traded subsidiary of General Motors Corporation. Noski began
his career with Deloitte & Touche, where he worked for 17 years,
including seven years as an audit partner.

“Chuck brings strong experience at large financial institutions,
including as a director at Morgan Stanley and as CFO and vice chairman
at Bank of America. He is a recognized expert in finance and accounting
who also has demonstrated valuable leadership in operations, strategy
and business transformation,” said Betsy Duke, Wells Fargo’s board
chair. “He is a key addition to our board, and we welcome him to Wells
Fargo.”

Allen Parker, Wells Fargo interim CEO and president, said, “Chuck brings
an exceptionally broad and deep background to our board, not only as a
seasoned business leader, but also as a director of major public
companies across multiple industries including companies serving
customers in the digital economy. His perspective will make an important
contribution to the board’s oversight of Wells Fargo, and I look forward
to working with him and our other directors as we continue to transform
Wells Fargo.”

Noski currently serves as a director and chairman of the audit
committees of Booking Holdings Inc. and Microsoft Corporation.

Charles H. Noski biography

Noski served as vice chairman of Bank of America Corporation from June
2011 until he retired in September 2012, and as chief financial officer
of Bank of America from May 2010 until June 2011. From December 2003 to
March 2005, he was chief financial officer of Northrop Grumman
Corporation, and was a director from 2002 to 2005. From December 1999 to
July 2002, he served as senior executive vice president and chief
financial officer of AT&T Corporation and was elected vice chairman of
AT&T’s board of directors in February 2002. He retired from AT&T upon
the completion of its restructuring in November 2002. Prior to joining
AT&T, Noski was president, chief operating officer and a member of the
board of directors of Hughes Electronics Corporation. From 1992 to 1996,
he was corporate senior vice president and chief financial officer of
Hughes and was elected vice chairman in 1996. Noski was a partner with
Deloitte & Touche prior to joining Hughes as corporate vice president
and controller in 1990.

Noski is a director and chairman of the audit committees of Booking
Holdings Inc. and Microsoft Corporation, and for various periods from
2000 to 2018 Noski was a director of Air Products & Chemicals, Inc.,
Automatic Data Processing, Inc., Avon Products, Inc., Avery Dennison
Corporation, Morgan Stanley, and the National Association of Corporate
Directors. As a board member, he has served on or chaired executive,
audit, CEO search, compensation and management development, finance, and
nominating and corporate governance committees. Noski is chairman of the
Board of Trustees of the Financial Accounting Foundation, a past member
of the Standing Advisory Group of the Public Company Accounting
Oversight Board, and a member of the American Institute of Certified
Public Accountants, Financial Executives International, and the Audit
Committee Leadership Network-North America. He was appointed to the
newly created Ernst & Young Independent Audit Quality Committee in 2019.
In 2006, Noski was inducted into the inaugural class of the Financial
Executives International Hall of Fame.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based
financial services company with $1.9 trillion in assets. Wells Fargo’s
vision is to satisfy our customers’ financial needs and help them
succeed financially. Founded in 1852 and headquartered in San Francisco,
Wells Fargo provides banking, investment and mortgage products and
services, as well as consumer and commercial finance, through 7,700
locations, more than 13,000 ATMs, the internet (wellsfargo.com) and
mobile banking, and has offices in 32 countries and territories to
support customers who conduct business in the global economy. With
approximately 262,000 team members, Wells Fargo serves one in three
households in the United States. Wells Fargo & Company was ranked No. 26
on Fortune’s 2018 rankings of America’s largest corporations.

Contacts

Media
Peter Gilchrist, 704-715-3213
peter.gilchrist@wellsfargo.com

or

Investor Relations
John Campbell, 415-396-0523
john.m.campbell@wellsfargo.com

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