Wells Fargo creates environmental advisory board

Release Date: 03-30-2006

Oakley Brooks

Senior Media Manager
503.467.0779

Ecotrust Vice President Bettina von Hagen tapped for service

SAN FRANCISCO — Eight nationally-known environmental experts from industry, academia and non-profits have been named to Wells Fargo & Company’s (NYSE: WFC) new Environmental Advisory Board — part of the Company’s 10-point commitment to more effectively integrate environmental responsibility into its business practices and procedures.

The eight are:

  • Suzanne Apple, vice president for Business and Industry, World Wildlife Fund, Washington, D.C.. Twelve years in forestry and community relations; senior fellow, WWF’s Global Forest Program, managing corporate partnerships with U.S.-based corporations that procure wood and wood products globally; former vice president of community affairs and environmental programs, The Home Depot.
  • Forescee Hogan-Rowles, president, CEO, Community Financial Resource Center (CFRC), Los Angeles. Manages financial service provider targeting business owners and residents of low-income communities in Los Angeles County; serves as Commissioner of the Department of Water & Power; Board of Directors for Opportunity Network; Board of Advisors, Federal Home Loan Bank of San Francisco.
  • David Hudnall, Corporate Forestry Resources Environmental Manager — USA, Canada & Chile, Louisiana Pacific Corporation, Nashville, Tenn.. Almost 30 years experience in the forestry industry, covering a full spectrum of forestry issues including sustainable forestry and environmentally-friendly construction.
  • Dr. Charles Kennel, director, vice chancellor and dean of Marine Sciences, Scripps Institution of Oceanography, University of California, San Diego (UCSD). Member of the National Academy of Sciences since 1991; served on the Pew Oceans Commission, and the NASA Advisory Council; leading effort to develop a campus-wide UCSD environmental sustainability initiative.
  • Randall R. LaBauve, vice president, Environmental Services, Florida Power & Light Company (FPL). Nearly 20 years in environmental law and management; leads FPL Group’s environmental strategy, licensing, compliance and environmental relations, one of nation’s leading environmental programs; FPL Group’s wholesale energy generating subsidiary is a leading producer of electricity from clean and renewable fuels.
  • Jean Pogge, executive vice president, ShoreBank, Chicago, Ill. Twenty-five years in management; executive of the country’s first and leading community development and environmental bank.
  • Bettina von Hagen, vice president, Ecotrust, Portland, Ore. Head of forestry programs for the Natural Capital Fund, $20 million fund that invests in conservation businesses and initiatives.
  • Stuart Patrick Woolf, president, CEO, Woolf Enterprises, Huron, Calif. Twenty years experience in agriculture; family-owned producer, processor of agricultural commodities.

“This outstanding group of environmental experts, representing diverse perspectives and expertise, will help Wells Fargo bring a thoughtful and balanced approach to integrating environmental considerations into our business practices,” said John Stumpf, Wells Fargo’s president and chief operating officer. “They’ll also be our eyes and ears in industry, academia and non-governmental organizations to make sure we anticipate emerging environmental issues in our communities and globally.” Members were selected for their demonstrated experience, expertise, insight, and leadership in environmental and community affairs.

Wells Fargo is committed to being environmentally responsible in every community in which it does business. The Company integrates environmental responsibility into its business practices and procedures, and has pledged to make $1 billion in lending and other financial commitments by 2010 in environmentally beneficial business opportunities.

Wells Fargo & Company is a diversified financial services company with $482 billion in assets, providing banking, insurance, investments, mortgage and consumer finance to more than 23 million customers from more than 6,200 stores and the internet (wellsfargo.com) across North America and elsewhere internationally. Wells Fargo Bank, N.A. is the only bank in the United States to receive the highest possible credit rating, “Aaa,” from Moody’s Investors Service.