Warren Buffett urges Wells Fargo to look beyond Wall St for next CEO - FT

FILE PHOTO: Warren Buffett, CEO of Berkshire Hathaway Inc, gestures while playing bridge as part of the company annual meeting weekend in Omaha, Nebraska U.S. May 6, 2018. REUTERS/Rick Wilking/File Photo - Copyright Rick Wilking(Reuters)

By Reuters

Published on 08/04/2019 - 00:04•Updated 25/04/2024 - 23:43

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(Reuters) - Warren Buffett, Wells Fargo & Co's <WFC.N> largest shareholder, urged the bank to look outside Wall Street for a new chief executive officer, in an interview with the Financial Times on Sunday.

"They just have to come from someplace (outside Wells) and they shouldn't come from Wall Street. They probably shouldn't come from JPMorgan or Goldman Sachs," Buffett told FT.