Wells Fargo Celebrates a New Board Member

""Wells Fargo"":https://www.wellsfargo.com/ has a new face to celebrate with the addition of Federico Pena to the board of directors for the major mortgage lender.

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Increasing the board's size to 16, Pena will serve on the audit and examination committee for Wells, according to a statement released by the lender.

""I'm pleased to announce that Federico Pena, who has an impressive record of business, civic and public policy achievements, is joining our board,"" ""John Stumpf"":https://www.wellsfargo.com/about/corporate/executive_officers/stumpf, Wells Fargo's chairman, president and CEO, said in a statement. ""Throughout his career, Mr. Pena has led large-scale national projects and championed innovative change for the

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benefit of public and private enterprises. We welcome him to Wells Fargo as we strive to meet the needs of diverse communities and stakeholders.""

According to a statement, Pena stepped up to the Clinton administration as well as Transportation and Energy Departments. Before these roles, he received election as mayor of the city of Denver, picking up a distinction as first Latino to hold office.

Following his tenure with federal authorities, he served as senior adviser for Vestar Capital Partners, a role he assumed in 2009. He also operated as managing director for Vestar for 10 years leading up to 2009.

He also founded Pena Investment Advisors, an asset management firm for which he served as president and CEO, and helped helm a board of directors as board member. He received his bachelor's and law degrees from the University of Texas.

Pena said that ""Wells Fargo has demonstrated a long-standing commitment to its team members, customers, shareholders, and communities, which has resulted in it being among the most successful financial services companies in the world.

""I look forward to working with the other board members and management as Wells Fargo continues to help its customers succeed financially,"" he added.