WELLS FARGO NAMES CHIEF AUDITOR LEWIS TO SENIOR CORPORATE DEVELOPMENT POSITION
SAN FRANCISCO — November 26, 2002
Wells Fargo & Company’s (NYSE: WFC) Chief Auditor Randall Lewis has been named corporate development manager for all of the company’s West Coast banking acquisition opportunities and other opportunities for other Wells Fargo businesses.
Succeeding Lewis as chief auditor, beginning January 1, will be Kevin McCabe, managing director and European chief auditor for Citigroup Western Europe. He will oversee a team of about 500 in audit, security and fraud investigation. Since joining Citigroup in 1994, McCabe was senior auditor for Audit & Risk Review in Europe, director of audit for SalomonSmithBarney Europe, and director of audit for Salomon Brothers Asia Pacific. He held finance and compliance positions for Digital Equipment Corporation from 1991 to 1994, audit positions with Bankers Trust Company from 1983 to 1991, and many roles with Coopers & Lybrand from 1977 to 1983. He is a member of the audit and compliance committee of Crestco Limited, a London-based multi-currency electronic settlement system for United Kingdom and Irish securities. He received his bachelor’s degree in economics and accounting from Rutgers U. in 1977 and is a CPA.
“Randall brings an extraordinary breadth of experience to our Corporate Development team,” said John Ganoe head of Corporate Development. “The knowledge he’s gained from his three years as Chief Auditor makes him an ideal choice to play a lead role in our West Coast acquisition activities.”
“Randall joined audit during a challenging time when we were still putting the Norwest and Wells Fargo companies together,” said Chairman and CEO Dick Kovacevich. “His contributions in helping integrate the new organization, reassessing our approach to risk analysis and supporting the company and the Board through changes in the national audit environment are sincerely appreciated. He’ll be a very key player in helping us grow through acquisitions on the West Coast where we have significant market share opportunities.”
Wells Fargo is a diversified financial services company with $334 billion in assets, providing banking, insurance, investments, mortgage and consumer finance from more than 5,600 stores, the internet, and other distribution channels across North America and elsewhere internationally.