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Charles Scharf will become the President, CEO and board member of Wells Fargo & Company effective Oct. 21, 2019. He previously served as the chairman and chief executive officer at The Bank of New York Mellon Corp.
Scharf has also served as chief executive officer and a director of Visa Inc., the world’s largest consumer payment system, from November 2012 to November 2016.
Before joining Visa, Scharf was a managing director of One Equity Partners, the private investment arm of JPMorgan Chase & Co. Previously, he served as chief executive officer of Retail Financial Services at JPMorgan Chase & Co. from 2004 to 2011, and as chief executive officer of the retail division of Bank One Corp. from 2002 to 2004.
Scharf also served as chief financial officer of Bank One Corp. from 2000 to 2002, chief financial officer of the Global Corporate and Investment Bank division at Citigroup from 1999 to 2000, and chief financial officer of Salomon Smith Barney and its predecessor company from 1995 to 1999.
Scharf is a member of the Business Council, serves on the board of trustees of Johns Hopkins University, and is chairman of the New York City Ballet. He holds a bachelor’s degree from Johns Hopkins University and an MBA from New York University.
Scharf joined the Microsoft board as an independent director in October 2014.