Tuesday, April 23, 2013

Former CEO Kovacevich slated to attend Wells Fargo Championship

Wells Fargo's top executives might not be in town for the bank's eponymous PGA tour event next week, but at least one of its biggest names of the recent past is scheduled to be there.

Former Wells CEO Dick Kovacevich, who left the top job in 2007, is again expected to attend next week's Wells Fargo Championship golf tournament at Quail Hollow Club, regional president Kendall Alley said Tuesday.

Kovacevich maintains a high stature in the financial world and has been fairly outspoken in retirement. He stepped down as chairman shortly after negotiating his bank's purchase of Charlotte-based Wachovia

He's also known as an avid golfer. A few years back, USA Today wrote that he had an 11 handicap and regularly played a pro-am tournament at Pebble Beach. In 2006, The New York Times linked four Wells directors to his favorite links.

He played with top golfer Rory McIlroy in the 2011 pro-am tournament in Charlotte.

Chief Marketing Officer Jamie Moldafsky is also slated to be at the tournament. David Carroll, head of wealth, brokerage and retirement and Charlotte's top Wells executive, will lead a local contingent including investment banking co-head Rob Engel and Alley.

CEO John Stumpf will not be there, Alley said. Nor will Chief Financial Officer Tim Sloan, who will be out of the country.

The golf tournament is a key business development event for Wells Fargo bankers. Each line of business has an allotment of tickets to hand out to important customers and clients.

For the public, Saturday tickets are already sold out and Sunday tickets are expected to be gone soon, Alley said. Sponsorships and hospitality sign-ups have also gone well, he said.

"All the tents are full and we’re looking forward to a great year," Alley said.