Oil producer Chevron Corp. said it has nominated former Republican Sen. Chuck Hagel and Wells Fargo & Co. CEO John Stumpf to its board of directors, The Associated Press reports.
Shareholders will vote on the nominations at the company’s annual shareholder meeting May 26. If approved, the move will bring Chevron’s board to 16 members.
Stumpf is a 28-year veteran of Wells Fargo, the San Francisco bank that owns the Wachovia Bank network throughout Connecticut and other states. He was named chief executive in 2007.
Hagel now serves as distinguished professor at Georgetown University and the University of Nebraska at Omaha as well as acting as chairman of the Atlantic Council, a Washington think tank.
Hagel spent two terms as a U.S. senator from Nebraska before retiring last year. He was a prominant member of the Senate Foreign Relations Committee, the Banking, Housing and Urban Affairs Committee, and the Intelligence Committee.
