Jamaican appointed to the board of Wells Fargo

Sunday, March 24, 2019

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JAMAICAN-born Wayne M Hewett has been appointed to the board of US-based Wells Fargo & Company — a diversified, community-based financial services institution with an asset base of US$1.9 trillion.

Ranking number 26 on Fortune's 2018 rankings of America's largest corporations and number two globally for its banking operations, Wells Fargo serves one in three households in the United States. Hewett will serve on the board's Human Resources Committee as well as Wells Fargo's Risk Committee.

The newly appointed board director is among a list of over 20 international and local speakers that will present at the annual Destination Experience Visionaries' Summit on Friday, April 5, 2019 (April 4-6) at the Spanish Court Hotel, Kingston.

He will be speaking on the topic: 'Developing a Global Business Playbook - Crossing Frontiers into International markets.' The summit offers a multi-stakeholder environment for decision makers from around the world to connect and collaborate with their peers in untapped markets aimed at driving economic growth and transformation.

Hewett is an experienced leader in the industrials and manufacturing space and brings to the table immense knowledge on global scaling processes and managing complex operations amongst numerous other skillsets.

A seasoned global business executive who has worked in a number of industries in senior leadership positions, Hewett was born 28th October 1964 in Kingston, Jamaica, and grew up in a house of educated professionals.

He currently sits as chairman of DiversiTech Corporation, a leading manufacturer and supplier of components and related products for the heating, ventilating, air conditioning and refrigeration industry; and serves on the board of directors of The Home Depot, Inc., where he is a member of its Audit Committee and its Leadership Development and Compensation Committee.

“Wayne brings a unique and relevant background to Wells Fargo's business and strategic direction, further enhancing the breadth of skills and experience of our board,” said president and CEO Tim Sloan. “I look forward to working with him and our other directors as we continue the transformation of Wells Fargo.”

In the 1970s, Hewett's family moved to Miami, Florida where he received a diploma from Palmetto High School in 1981. That same year, Hewett entered Stanford University and four years later received his BSc degree in industrial engineering. Hewett then went on to earn his MSc degree in industrial engineering.

After spending more than 20 years with General Electric Company, in capacities including CEO of GE Advanced Materials and President of GE Plastics Pacific and later ArystaLifeScience Corporation, Hewett became CEO of KlöcknerPentaplast Group, a global supplier of packaging for various industries, including pharmaceutical, medical devices, food, and electronics during the period 2015 to 2017.

“Wayne is a proven leader, and his extensive experience in business operations and processes, including executing on strategic initiatives in complex operating environments, makes him an outstanding addition to our board as the company focuses on achieving operational excellence. We welcome him to Wells Fargo,” said board chair, Betsy Duke.

Founded in 1852 and headquartered in San Francisco, California,Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,950 locations, 13,000 ATMs, the Internet (wellsfargo.com) and mobile banking, and has offices in 37 countries and territories to support customers who conduct business in the global economy. Wells Fargo currently provides employment to approximately 262,000 team members.


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