William M. Daley, the vice chairman of Public Affairs at Wells Fargo (NYSE:WFC), is set to retire at the end of this year, the company announced on Thursday. Daley assumed the role in 2019 after departing from BNY Mellon (NYSE:BK). His position at Wells Fargo, a newly created one at the time, encompassed a range of responsibilities including Government Relations, Corporate Communications, Corporate Branding, Community Relations, and overseeing the Wells Fargo Foundation.
During his tenure at Wells Fargo, Daley made significant contributions to the company's public standing and community relationships. "During his time at Wells Fargo, we've strengthened our relationships with the communities we serve; established new programs in housing, small business, and other areas that have had an impact on hundreds of thousands of people; and worked to rebuild our reputation both nationally and locally," said Charlie Scharf, Wells Fargo's CEO and president.
Daley expressed pride in his work at Wells Fargo and voiced confidence in the company's future. “We've made real progress in improving Wells Fargo's standing in the public eye," Daley said. "Charlie's leadership and the management team he has assembled have dramatically changed the company, and I have the utmost confidence that Wells Fargo's transformation will continue on a successful path.”
Before joining Wells Fargo, Daley held prominent positions in both public and private sectors. He served as chief of staff to President Barack Obama and secretary of commerce in the Clinton administration. His distinguished career also includes roles as vice chairman of BNY Mellon and JPMorgan Chase (NYSE:JPM), as well as president of SBC Communications (now AT&T (NYSE:T)).
Wells Fargo (NYSE: WFC), a leading financial services company with approximately $1.9 trillion in assets, serves one in three U.S. households and more than 10% of small businesses in the U.S. The company's future leadership plans for its Public Affairs group will be announced at a later date.
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