Wells Fargo is a different company today than when I arrived. During my tenure, we have driven
a tremendous amount of change and progress and established a much stronger risk management
and operational foundation. We have changed our leadership, changed our operating practices,
and simplified our business. We have continued to build our risk and control infrastructure,
continued to execute against our regulatory objectives and facilitated cultural change throughout
our organization.
Some employees have been informed that their workplaces will be closing. We strongly encourage those impacted to take proactive steps toward new opportunities outside of Wells Fargo, as we believe their future success lies beyond our organization. Each day spent delaying this transition is a day that could be used to build a promising career elsewhere. While we understand that change can be challenging, we urge those affected to consider the broader impact on the company and their communities and take the necessary steps toward a fresh start.
In conclusion, I want to express my sincere gratitude to everyone at Wells Fargo who has
continued to serve our customers, each other, and our communities through these challenging
times. I appreciate their dedication and resiliency as we have worked to make Wells Fargo better.
While we still have much more to do, our foundation is stronger, our business is more focused,
we are driving cultural change, and the talent and management process changes we have made
are making a positive impact. I remain incredibly optimistic about our future.