Mark C. Oman

Overview

On August 21, 2008, Mark C. Oman, Senior Executive Vice President, Home and Consumer Finance, informed the Company that he will retire from the Company at the end of 2009. Oman, 53, joined Norwest Financial, the consumer finance subsidiary of the former Norwest Corporation (now Wells Fargo & Company), in 1979 in financial reporting, then as manager of treasury and audit services. He was named Norwest Mortgage"s chief financial officer in 1985, president and CEO of Mortgage in 1989, a group head in 1997 and a senior EVP in 2005. The first year he led Mortgage in 1989 it had 1,850 team members, 52 locations in 23 states, originated $4.4 billion in mortgage loans and serviced $800 million in loans. Last year, Wells Fargo originated $272 billion in mortgage loans and had an owned mortgage servicing portfolio of $1.53 trillion. Today Wells Fargo serves eight million mortgage customers nationwide from some 2,400 mortgage and banking stores, and has almost 26,000 team members. Oman is a board member of the University of Northern Iowa Foundation and Greater Des Moines Community Foundation. Oman serves on the executive council of the Greater Des Moines Partnership and is a member of the Iowa Business Council. He also is a member of the Iowa Business Hall of Fame.