Vas Kodali Joins Wells Fargo to Lead Technology Industry Partnership Development

Industry Veteran Brings Decades of Business Strategy Experience

CHARLOTTE, N.C. - -Wells Fargo & Company (NYSE: WFC) today announced the appointment of Vas Kodali to the role of senior vice president to lead Technology Industry Partnership Development. In this role, Kodali will be responsible for driving relationships with IT industry leaders, universities, venture capitalists, private equity firms, and portfolio companies. His work to expand these relationships will help drive innovation, business development and future technology solutions for Wells Fargo.

Prior to joining Wells Fargo, Kodali held several senior executive positions in strategy, innovation, and risk at Bank of America Merrill Lynch, primarily working in the Global Banking and Markets lines of businesses. He most recently led a strategic initiative to drive top-line growth, productivity, and capital optimization across the FICC sales and trading businesses. Previously, he was a partner at A.T. Kearney, a global management consulting firm. He started his career at IBM designing expert systems.

“Technology partnerships are a critical part of our strategy,” said Martin Davis, executive vice president and head of Enterprise Technology Services, Technology and Operations, Wells Fargo. “We are fortunate to add Vas with his expertise and experience to further foster industry relationships for the company.”

Kodali earned a Bachelor of Science degree in Electrical Engineering from Michigan State University, a Master of Science in Electrical Engineering from Stanford University, and an M.B.A. from UCLA.

About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.4 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com), and has offices in more than 35 countries to support the bank’s customers who conduct business in the global economy. With more than 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 26 on Fortune’s 2012 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially.