Bloomberg Law
March 6, 2017, 10:05 PM UTC

Wells Fargo Adds Cravath’s Parker as Counsel; Strother Exits

By Laura J. Keller, Bloomberg News

Wells Fargo & Co. named C. Allen Parker general counsel, replacing James Strother, a 30-year bank veteran who’s retiring and was among executives whose bonuses were withheld in the wake of a bogus account scandal.

Parker, 62, formerly presiding partner with Cravath Swaine & Moore LLP, will start March 27 and report to Chief Executive Officer Tim Sloan, the San Francisco-based lender said Monday in a statement. He’ll be responsible for all legal affairs and serve on the company’s operating committee.

“His background and corporate experience make him the ideal leader for this role ...

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