Timothy J. Sloan (born 1959/60) is an American banker. He was the chief executive officer (CEO) of

Wells Fargo 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 October 2016 until he resigned in March 2019, after significant pressure related to an ongoing controversy related to an account fraud scandal. He had previously been chief operating officer (COO) and chief financial officer (CFO).

Education

Sloan earned a BA in economics and history and an MBA in finance and accounting, both from the

University of Michigan–Ann Arbor , mottoeng = "Arts, Knowledge, Truth" , former_names = Catholepistemiad, or University of Michigania (1817–1821) , budget = $10.3 billion (2021) , endowment = $17 billion (2021)As o ...

Career

Sloan worked as a bank teller at Standard Federal Savings and Loan Association in

Ann Arbor Anne, alternatively spelled Ann, is a form of the Latin female given name Anna (name), Anna. This in turn is a representation of the Hebrew Hannah (given name), Hannah, which means 'favour' or 'grace'. Related names include Annie (given name), ...

, during the summer holidays while a student. In 1984, he joined

Continental Illinois National Bank and Trust The Continental Illinois National Bank and Trust Company was at one time the seventh-largest commercial bank in the United States as measured by deposits, with approximately $40 billion in assets. In 1984, Continental Illinois became the largest ...

. In 1987, he joined

, rising to COO and president in November 2015.

Consumer Financial Scandals

On March 28, 2019 Sloan quit Wells Fargo effective June 30, 2019 after struggling for two and a half years to contain scandals that led to public criticism by US bank regulators and calls in Congress for his departure.

Personal life

Sloan is married, with three adult children, and lives in

San Marino San Marino (, ), officially the Republic of San Marino ( it, Repubblica di San Marino; ), also known as the Most Serene Republic of San Marino ( it, Serenissima Repubblica di San Marino, links=no), is the fifth-smallest country in the world an ...

, a suburb of Los Angeles.

References

{{DEFAULTSORT:Sloan, Timothy J. Living people 1960s births American bankers American chief executives People from San Marino, California Ross School of Business alumni