“Chuck stepped into the chairman role at an important inflection point for the company — both in terms of our ongoing work to improve our controls and governance and in the early days of what became an unprecedented global pandemic,” Wells Fargo CEO Charlie Scharf said in a statement. “I have greatly appreciated the wisdom and advice Chuck has provided to me during this challenging period.”
Noski, the former chief financial officer at Bank of America, became chairman of the bank amid heightened political scrutiny last year, stemming from the bank’s handling of its 2016 fake accounts scandal.
