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Wells Fargo elects new member to board of directors

US based diversified financial services organization Wells Fargo & Company has elected Howard Richardson as a director to its board, which brings their total number to 16.

Effective from 1 January 2013, Richardson will serve on the board’s audit and examination committee.

Wells Fargo board lead director and chair of its governance and nominating committee Stephen Sanger said, "Mr. Richardson has extensive financial, accounting, bank regulatory, and risk management expertise, as well as valuable experience assisting financial services companies navigate complex operating environments."

Prior to Wells Fargo, he worked with PricewaterhouseCoopers (PwC) for more than three decades in key positions including audit, and business advisory positions.

At PwC, he held positions such as US financial services and banking leader from 1996 to 2000 and global banking/capital markets leader during 1998-2002.

He also served as the lead engagement partner or advisory partner for of PwC’s financial services clients, including large bank holding companies, investment management firms, broker-dealers, and insurance companies.

Established in 1852 and headquartered in San Francisco, Wells Fargo offers banking, insurance, investments, mortgage, and consumer and commercial finance through over 9,000 stores, 12,000 ATMs, and the internet.