Charles W. Scharf is the CEO of Wells Fargo & Co., taking the helm in October 2019 after leading Visa Inc. and The Bank of New York Mellon. With a strong background in retail banking and finance, he is known...
Charles W. Scharf is the CEO of Wells Fargo & Co., taking the helm in October 2019 after leading Visa Inc. and The Bank of New York Mellon. With a strong background in retail banking and finance, he is known for transforming Visa into a digital payments leader. Under his guidance, Wells Fargo has focused on improving its performance and addressing regulatory challenges from past issues. Scharf is also a director at Microsoft and is involved in philanthropy, serving on the board of Johns Hopkins University and chairing the New York City Ballet. As part of his leadership role, he aims to align executive compensation with company performance, emphasizing strategic growth while navigating a complex financial landscape. In 2023, Scharf received a total compensation package of around $16.8 million, reflecting a strong tie to Wells Fargo’s performance. Interestingly, in 2024, he owned over 43,000 shares of Microsoft worth about $18 million, showing his personal investment interests, alongside his strategic direction at Wells Fargo.