Wells Fargo & Co. said Elizabeth Duke would replace its chairman, Stephen Sanger, on Jan. 1, making the former Federal Reserve governor the first woman to hold a top board role at one of the nation’s largest banks. The San Francisco lender, which has battled a sales-practices scandal and other problems in recent months, announced the promotion of Ms. Duke, the board’s vice chairman, Tuesday along with other changes.

Source: Wall Street Journal August 15, 2017 19:52 UTC