Wells Fargo board chair Elizabeth Duke steps down

(Reuters) – Wells Fargo & Co <WFC.N> said on Monday Elizabeth Duke had resigned as the chair of its board, effective March 8.

James Quigley had also stepped down as a member of the board, the bank said in a statement.

Charles Noski, former finance chief at Bank of America Corp <BAC.N>, will replace Duke, who was elected as chair in Jan. 2018, after serving as vice-chair for a little over a year.

The departures come a month after Wells Fargo Chief Executive Officer Charles Scharf announced his first major reshuffle since taking over in October, naming several executives to new roles while also tapping a JPMorgan Chase & Co <JPM.N> veteran to head consumer lending.

(Reporting by C Nivedita in Bengaluru; Editing by Shinjini Ganguli)


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