March 28, 2019

Brown Statement on the Retirement of Wells Fargo CEO and President Tim Sloan

WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) – ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs – released the following statement on the retirement of Wells Fargo CEO and President Tim Sloan.

“Tim Sloan needed to go, and he should not take a huge payout with him. But Wells Fargo’s mismanagement is about more than one CEO – this bank needs a complete culture shift. Watchdogs cannot afford to let up on Wells Fargo and whoever is tapped as the new CEO must be ready to clean up the greed that has hurt millions customers and workers,” said Brown.