WELLS FARGO & CO. NAMES ROBERT L. JOSS TO BOARD OF DIRECTORS
SAN FRANCISCO — September 28, 1999
Wells Fargo & Co. said today that Robert L. Joss, the new Dean of the Graduate School of Business at Stanford University and a former Vice Chair at Wells Fargo, has been elected to its board of directors.
Joss, 58, served 22 years at Wells Fargo Bank in San Francisco before becoming CEO and Managing Director of one of Australia's largest banks, Westpac Banking Corporation, in 1993. He returned to the United States this month to join Stanford.
"Bob's 22 years with Wells Fargo will be enormously valuable to our new company as we progress toward our vision of satisfying all our customer's financial needs and becoming the premier financial services company in North America," said Paul Hazen, chairman of the Board of Wells Fargo. "We are very pleased to have Bob back on board the stagecoach."
"Wells Fargo has a long tradition and history of quality and service, and I am happy to become part of that tradition once again," said Joss. "It seems that I've come back home in more ways than one."
Joss began his career as a White House Fellow from 1968-1969. From 1968 to 1971, he served as Deputy to the Assistant Secretary for Economic Policy at the U.S. Treasury Department. In 1971, he came to Wells Fargo where he rose from Assistant Vice President to Vice Chair during his 22-year tenure with the Bank. From 1993 to 1999, he served as CEO of Westpac Banking Corporation, Australia's oldest bank with $140 billion in assets.
Joss holds a BA from the University of Washington and an MBA and Ph.D. from Stanford University.
He received the Meritorious Service Award from the U.S. Treasury Department (1971). He has served as Chairman of the Australian Banker's Association (1997-99), as Director of Epiphany, Inc., Bay Area Council, Business Council of Australia (1998-99), and Shanghai Commercial Bank, Hong Kong (1978-93). He was a member of the Review of Business Taxation for the Commonwealth of Australia (1998-1999) and the International Monetary Conference (1993-1999) . He also served on the California Commission for Reform of Intermediate and Secondary Education (1974-75).
Wells Fargo is a $205 billion diversified financial services company providing banking, insurance, investments, mortgage and consumer finance from almost 6,000 stores, the industry's #1 Internet bank, and other distribution channels across North America and elsewhere internationally.