C. Allen Parker will join Wells Fargo as general counsel, effective March 27, the company announced. Reporting to CEO Tim Sloan, Parker will be responsible for all legal affairs for the company and will serve on the company’s Operating Committee.
Parker will succeed James Strother, who will retire after 30 years with the company and 13 years leading the Law Department.
Parker will join Wells Fargo from Cravath, Swaine & Moore LLP, where he currently serves as a partner in the firm’s Corporate Department and as a member of its Corporate Governance and Board Advisory Practice. During his more than 25 years with the firm, he served in a number of leadership positions, including presiding partner and head of the firm’s Corporate Department. He also served as the chair of the firm’s Diversity Committee for many years. As Cravath’s presiding partner, the firm’s most senior position, Parker was responsible for strategic planning, risk management, financial analysis and reporting, business development, and the management of the firm’s 86 partners and more than 1,200 employees.
Parker serves on the Dean’s Council of the Columbia University School of Law, the Board of Visitors for the Duke University School of Law, and the Board of Trustees of the National Humanities Center. He also serves as a vice chair of the Kennedy Center Corporate Fund Board, a member of the Board of Directors of the American Society for the Prevention of Cruelty to Animals, and a member of the Council on Foreign Relations.
Additional details are available in a March 6 news release.