Kovacevich named new trustee

Richard Kovacevich, the chairman, president, and chief executive officer of Wells Fargo & Company, has been elected to Caltech’s board of trustees.

The former CEO and chairman of Norwest Corporation, Kovacevich became president and CEO of Wells Fargo when the companies merged in 1998, and was named chairman in 2001. He had joined Norwest in 1986 as vice chairman, chief operating officer, and head of the banking group. Prior to that, he was group executive and member of the policy committee of Citicorp, and also was a division manager at General Mills, where his business career began.

Kovacevich earned bachelor’s and master’s degrees in industrial engineering and a master’s of business administration, all from Stanford University. A past president of the Financial Services Roundtable, he serves as vice chairman of the American Bankers Council and is a board member of Cargill, Incorporated, and of Target Corporation. The San Francisco resident is also a board member of that city’s Committee on JOBS; a member of the board of governors of its symphony; and a trustee of the Museum of Modern Art.
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