Four current or former senior managers in Wells Fargo’s Community Banking division have been terminated for cause by a unanimous vote of the board, based on an investigation into the company’s retail banking sales practices. The terminated managers are:
Claudia Russ Anderson – Former Community Bank CRO
Pamela Conboy – Arizona lead regional president
Shelley Freeman – Former Los Angeles regional president (now head of Consumer Credit Solutions)
Matthew Raphaelson – head of Community Bank Strategy and Initiatives
