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Congressman Mark DeSaulnier

Representing the 11th District of California

Congressman DeSaulnier’s Statement On Resignation of Wells Fargo CEO

October 12, 2016
Press Release

Washington, D.C. – Today, U.S. Congressman Mark DeSaulnier (CA-11) issued the following statement on the resignation of Wells Fargo CEO, John Stumpf.

“Two weeks ago I called upon Wells Fargo CEO John Stumpf to resign after finding myself, like so many Americans, disheartened and angry at the rejection of Wells Fargo’s corporate social and ethical responsibilities. Today’s announcement is welcome news, but there is much work to be done for this once great California institution to find its moral compass. It is my hope that Mr. Stumpf’s resignation is the first in a series of actions the company is taking to reform business practices and rebuild consumer’s trust.”