12. RESPONSIBLE CONSUMPTION AND PRODUCTION

Wells Fargo appoints Jason Rosenberg as head of public affairs

Written by Amanda

SAN FRANCISCO: Wells Fargo has named former JPMorgan Chase executive Jason Rosenberg as head of public affairs, effective April 15. 

Reporting to CEO Charlie Scharf, Rosenberg will be responsible for corporate communications, corporate marketing, government relations and public policy, philanthropy and community impact and sustainability groups, according to a Wells Fargo statement. 

Rosenberg replaces Bill Daley, who last September announced he was retiring at the end of the year. Daley came back to his role after his successor, Thomas Nides, resigned in October, The Wall Street Journal reported. Nides joined Blackstone as vice chairman in January. 

A Wells Fargo spokesperson declined to comment beyond the press release.

Rosenberg most recently served as head of corporate affairs at Block, a payments company owned by Jack Dorsey. A Block spokesperson couldn’t be immediately reached to comment on Rosenberg’s replacement. 

He also formerly spent a decade at JPMorgan Chase, where he served in various roles focused on government relations, most recently as head of U.S. government relations. Earlier in his career, he was an SVP at The Glover Park Group (now FGS Global) and worked on Capitol Hill. 

Wells Fargo chief comms officer Amy Bonitatibus left the bank in March to serve as chief corporate affairs and comms officer at PayPal, replacing Franz Paasche. Raschelle Burton is serving as the interim comms head while Wells Fargo searches for a permanent successor, a company spokesperson told PRWeek at the time of Bonitatibus’ departure. 

Wells Fargo reported net income of $3.45 billion in Q4, up from $3.16 billion in the prior-year period. The company’s revenue was $20.48 billion for the quarter, a 2% increase from Q4 2022, CNBC reported. 

Source: prweek.com

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Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai