The Board of Directors of Wells Fargo & Company announced that it has elected Karen B. Peetz and Ronald L. Sargent as new independent directors. Ms. Peetz will serve on the Board’s Finance Committee and Mr. Sargent will serve on the Board’s Governance and Nominating Committee. Both new directors will also serve on the Board’s Human Resources Committee. Karen Peetz has 35 years of large-bank experience. She served as President of Bank of New York Mellon from January 2013 until her retirement in December 2016. In this position, she oversaw the bank’s global client management and regional management, its treasury services business, and its regulatory oversight functions. After joining the company in 1998, Ms. Peetz served in leadership roles including Vice Chairman, Senior Executive Vice President, and Chief Executive Officer of the Financial Markets and Treasury Services Group. Before joining BNY Mellon, Ms. Peetz spent 16 years with JPMorgan Chase in various management, sales and corporate lending positions. She serves on the Boards of Johns Hopkins University and the Global Lyme Alliance. Ron Sargent spent over 27 years at Staples Inc. in various senior leadership positions, including as Chairman, President, and Chief Executive Officer. He served as Chairman from March 2005 until January 2017 and as Chief Executive Officer from February 2002 to June 2016, and as Chief Executive Officer led overall operations and strategy. Mr. Sargent serves on the Boards of Five Below Inc. and The Kroger Co.