Just days before a scheduled appearance before the House Financial Services Committee, Elizabeth Duke, chairwoman of Wells Fargo & Co., and James Quigley, the independent chairman of Wells Fargo Bank, resigned.
Duke has been chair of Wells Fargo’s board since January 2018, and previously was vice chair from October 2016 through December 2017.
Both resignations were effective Sunday; both Duke and Quigley were to testify before the committee on Wednesday.
Charles Noski will serve as chair of the Wells Fargo Board, the bank announced Sunday. Noski joined the Board in June 2019. He is a retired vice chairman and former chief financial officer of Bank of America Corp.