But Stumpf’s high opinion of the Wells Fargo culture ... that sought to lower sales quotas and combat unethical conduct. In September 2016, Wells Fargo announced that it had fired 5,300 employees—or as then C.E.O. On Oct. 12, five weeks after it was announced that Wells Fargo was fined $185 million for unethical business practices, John Stumpf stepped down as chairman and CEO of … He was named CEO in June 2007, elected to the board of directors in June 2006, and named president in August 2005. Stumpf: Fully accountable for unethical practices Wells Fargo CEO John Stumpf gives his opening testimony in front of the House Financial Services Committee. ... John Stumpf was barred from the banking industry. As of one week ago, John Stumpf is now the ex-CEO of Well’s Fargo. Wells Fargo agrees to $3B settlement in fake accounts case ... in addition to generally unethical selling practices. John Stumpf, the former head of Wells Fargo who presided over the bank's cross-selling scandal, has been barred from ever working for a bank, federal officials announced on Thursday. John Gerard Stumpf (born September 15, 1953) is an American business executive and retail banker. Wells Fargo’s CEO, John Stumpf, had been the one speaking on behalf of the company regarding their ethical situation and the negative media that surrounds it, that is, until just recently. He is the former chairman and chief executive officer of Wells Fargo, one of the Big Four banks of the United States. 04:51
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