Carl Edwin Reichardt Jr. (July 6, 1931 – July 13, 2017) was an American banking executive and Chief Executive Officer of

Wells Fargo Bank Wells Fargo & Company is an American multinational financial services company with corporate headquarters in San Francisco, California; operational headquarters in Manhattan; and managerial offices throughout the United States and inter ...

Early years

Reichardt received his BA degree in economics from the

University of Southern California The University of Southern California (USC, SC, or Southern Cal) is a Private university, private research university in Los Angeles, California, United States. Founded in 1880 by Robert M. Widney, it is the oldest private research university in C ...

in 1956. Reichardt spent his formative years in banking in the 1960s in

Los Angeles Los Angeles ( ; es, Los Ángeles, link=no , ), often referred to by its initials L.A., is the largest city in the state of California and the second most populous city in the United States after New York City, as well as one of the world' ...

at Union Bank under the leadership of then-CEO and banking pioneer Harry Volk.

Wells Fargo

In his banking career he joined Wells Fargo in 1970, rising to the post of president in 1978.(22 March 1978)
Wells Fargo Restructures Top; Names Reichardt to Head Bank
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The New York Times ''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid ...

'', Retrieved November 18, 2010Pollack, Andrew (16 February 1986)
Carl Reichardt's California Playpen
''

'', Retrieved November 18, 2010 He was president of

Wells Fargo & Company Wells Fargo & Company is an American multinational financial services company with corporate headquarters in San Francisco, California; operational headquarters in Manhattan; and managerial offices throughout the United States and intern ...

from 1978 to 1983 and then chief executive officer and chairman of the board of directors until the end of 1994.Bennett, Robert A. (3 December 1989)
The Banker Who Would Be Scrooge
''

'', Retrieved November 18, 2010(20 July 1994)
Wells Fargo Chairman Is Retiring
''

'', Retrieved November 18, 2010 He was also named chief operating officer in 1981. In January 1983 he succeeded Richard P. Cooley as chairman and chief executive officer of Wells Fargo.1982 Annual Report
, p.4, Wells Fargo & Company, Retrieved November 18, 2010 Reichardt relinquished the office of president to Paul Hazen in 1994. Together they guided the bank through the mergers with Crocker National Corporation in 1986 and Barclays Bank of California in 1988 and the

recession In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be triggered by various ...

of the early 1990s. In 1998, Reichardt retired from the board of directors of Wells Fargo.

Other corporate involvement

He was a director of

Ford Motor Company Ford Motor Company (commonly known as Ford) is an American multinational automobile manufacturer headquartered in Dearborn, Michigan, United States. It was founded by Henry Ford and incorporated on June 16, 1903. The company sells automobi ...

from 1986 to 2006,Stoll, John D. (28 August 2006
Ford Director Resigns as Company Mulls Sale of Luxury Marques
''

The New York Sun ''The New York Sun'' is an American online newspaper published in Manhattan; from 2002 to 2008 it was a daily newspaper distributed in New York City. It debuted on April 16, 2002, adopting the name, motto, and masthead of the earlier New York ...

'', Retrieved November 18, 2010 ("In April, former executives Jim Padilla and Carl E. Reichardt resigned from the board.") serving as vice chairman from 2001Maynard, Michelle (31 October 2001)
2 New Top Executives Ready to Share Management Load
''

'', Retrieved November 18, 2010 ("Mr. Ford named Carl E. Reichardt, the retired chief executive of Wells Fargo & Company, as vice chairman, with sweeping responsibilities over Ford's financial, leasing, credit and rental car operations.") to 2003.(17 June 2003)
VICE CHAIRMAN FOR FINANCE TO LEAVE POST AT FORD
''

'', Retrieved November 18, 2010 Reichardt also served on the boards of a number of corporations, include

Pacific Gas & Electric The Pacific Gas and Electric Company (PG&E) is an American investor-owned utility (IOU). The company is headquartered in the Pacific Gas & Electric Building, in San Francisco, California. PG&E provides natural gas and electricity to 5.2 milli ...

ConAgra Conagra Brands, Inc. (formerly ConAgra Foods) is an American consumer packaged goods holding company headquartered in Chicago, Illinois. Conagra makes and sells products under various brand names that are available in supermarkets, restaurants, ...

HCA HCA may refer to: Courts * High Court of Australia, the supreme court in the Australian court hierarchy and the final court of appeal in Australia Organizations Europe * Hall–Carpenter Archives, an archive of materials related to gay activism ...

McKesson McKesson Corporation is an American company distributing pharmaceuticals and providing health information technology, medical supplies, and care management tools. The company delivers a third of all pharmaceuticals used in North America and emplo ...

HSBC Holdings PLC HSBC Holdings plc is a British multinational universal bank and financial services holding company. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021. In 2021, HSBC had $10.8 tril ...

, and the Newhall Management Corporation. In addition, he has served as a director of

University of San Francisco The University of San Francisco (USF) is a private Jesuit university in San Francisco, California. The university's main campus is located on a setting between the Golden Gate Bridge and Golden Gate Park. The main campus is nicknamed "The Hil ...

and of the

. Reichardt died on July 13, 2017, at the age of 86.

References

{{DEFAULTSORT:Reichardt, Carl E. 1931 births 2017 deaths American bank presidents American chief executives of financial services companies American chief operating officers United States Navy personnel of the Korean War Businesspeople from Houston University of Southern California alumni Wells Fargo 20th-century American businesspeople