Wells Fargo & Company announced that Charles H. Noski will retire as chairman and a member of Wells Fargo’s Board of Directors. Noski has stepped down as chairman, and he will remain as a director until he retires on Sept. 30, 2021, to facilitate the transition of the chairman role. Noski has served as a director since June 2019 and as chairman since March 2020. Noski previously served as chair of the board’s Audit Committee and, until August 10, 2021, as chair of its Governance and Nominating Committee. The board has elected Steven D. Black as chairman, effective immediately. Black has over 45 years of financial services experience with some of the large financial institutions in the world and has served as co-CEO of Bregal Investments, a private equity firm, since September 2012. The board also appointed Wayne M. Hewett to serve as a member and as chair of the Governance and Nominating Committee.