No. 13 | Wells Fargo

FROM DIVERSITYINC

  • Wells Fargo’s Board of Directors is chaired by Betsy Duke, the first woman to lead the Board of a major U.S. bank. One-third of its director nominees for election to its Board of Directors at its 2019 annual meeting of shareholders are women, and 25 percent of our director nominees are ethnically diverse.
  • Forty percent (4 of 10) of the members of Wells Fargo’s Operating Committee (direct reports to our CEO) are women.
  • Wells Fargo is a major underwriter of scholarships that help disability-owned business enterprises attend the Executive Education program, “Building a High Performing Minority Business,” at Dartmouth. The program is specifically designed for diverse business owners, giving them access to the knowledge they need to grow their companies.

FROM THE COMPANY

Wells Fargo strives to build a culture where all people are valued and accepted, and individual differences are respected. We are committed to advancing diversity and inclusion among our customers, team members, suppliers and communities. We are committed to hiring and retaining a diverse work force and have a plan for increasing diversity at all levels of management. We promote career opportunities through leadership development programs, mentoring, and experiential development.

Our commitment for diversity and inclusion starts at the top with our board of directors. Our Enterprise Diversity and Inclusion Council is led by our CEO and President and has senior executives from across the company who are accountable for establishing and helping to reach our D&I goals. We have a broad range of business resource groups that we call Team Member Networks and diversity councils nationwide that offer career development and mentoring programs, and networking and community outreach activities. Additionally, we are committed to local economies by developing and using diverse suppliers in the communities where we do business.

We continue to make progress toward our goal of spending 15 percent of our total procurement budget with diverse suppliers by 2020. Wells Fargo has made a commitment to donating $100 million by 2020 to crucial social needs such as supporting the advancement of women and other diverse leaders, furthering social inclusion through education and supporting homeownership for those who may not have had access to it.

DIVERSITY LEADERSHIP

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Allen Parker
Interim CEO

“As Wells Fargo continues to build a better company, we understand the importance of diversity and inclusion to our business and long-term success in the global marketplace. We are a stronger company as a result of the different backgrounds, perspectives, and experiences our team members bring to work every day, and that enables us to better serve our customers and communities.”

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Jimmie Paschall
Executive Vice President and Head of Enterprise Diversity & Inclusion

“At Wells Fargo, diversity and inclusion is a business sustainability strategy. Attracting, developing and retaining diverse talent is critical to understanding and meeting the needs of an evolving and changing market.”

COMPANY FACTS

WFC (NYSE)

U.S. Headquarters: San Francisco, CA

Global Employees: 259,000

2018 DiversityInc Top 50 Ranking: No. 14

OTHER DIVERSITYINC LISTS

  • No. 6 Talent Acquisition for Women of Color
  • No. 14 Philanthropy
  • No. 18 Executive Diversity Council
  • LGBT Employees