WELLS FARGO NAMES ATKINS CFO
SAN FRANCISCO — July 19, 2001
Wells Fargo & Company said today that Howard I. Atkins, chief financial officer of New York Life Insurance Co. and a 18-year veteran of the former Chase Manhattan, has been named Wells Fargo's CFO and an EVP of the Company. Atkins will report to Chairman and CEO Dick Kovacevich and succeeds Ross J. Kari who announced in April that he had decided to seek new opportunities.
"As a senior finance manager with almost three decades of experience, Howard has built a reputation as one of our industry's outstanding CFOs and we're very fortunate that he's decided to join Wells Fargo," said Kovacevich. "We look forward to benefiting from his broad range of skills in finance, capital markets, treasury, and strategic planning, including extensive experience in regional banking, money center and investment banking, and the insurance industry. In addition to his impressive finance experience, Howard is an outstanding communicator and team player. He knows that people are the key to Wells Fargo's success and he will fit well with our "people as a competitive advantage" culture and help us achieve our vision to satisfy all our customers' financial needs and help them succeed financially."
Atkins joined the former Chase Manhattan Bank in 1974 and was, successively, in asset/liability management, U.S. capital markets/derivatives, head of Capital Markets for Europe, the Middle East and Africa, and head of the Bank's worldwide derivatives trading business. He was the Bank's treasurer from 1988 until 1991 when he became CFO of New Jersey-based Midlantic Corporation.
During his five years at Midlantic he helped lead the company's successful restructuring and turnaround and rebuilt the company's accounting, systems and control programs. After the sale of Midlantic to PNC Bank, Atkins was named EVP and CFO of New York Life Insurance in 1996 with responsibility for all financial management and information technology functions. In that position he also has been on several internal committees including the executive management committee, investment policy, internal boards of wholly-owned subsidiaries, the board of the company's asset management business and on the boards of two of the company's joint ventures.
Atkins, a native of the New York area, is a graduate of City College and received his Masters in economics from The Ohio State University.
Wells Fargo & Company is a $290 billion financial services company providing banking, investments, insurance, mortgages and consumer finance through more than 5,400 stores and other distribution channels including the Internet (wellsfargo.com ) across North America and elsewhere internationally.