As part of Wells Fargo’s ongoing commitment to work more closely with policymakers and leaders on issues important to customers, the financial services industry, and the U.S. economy, the company is continuing to evolve its Government Relations and Public Policy group. Three new leaders will join the group by Feb. 1 to help oversee its public policy, external relations, and political programs.
With the new hires, Wells Fargo’s GRPP group will include teams in six areas of practice: Federal Government Relations, State and Local Government Relations, Regulatory Relations, Political Programs, External Relations, and Public Policy. All teams will report to group head David Moskowitz, who for the last five years has also coordinated Wells Fargo’s regulatory relations in Washington, D.C.
Beth Zorc, Eric Hoplin, and Shannon Aimone will lead three of the GRPP group’s new areas: Public Policy, External Relations, and Political Programs, all of which will work to increase coordination and transparency across Wells Fargo during a time of rebuilding trust and building a better bank. Wells Fargo has been expanding its government relations organization to a more stakeholder-driven model, which will better allow the company to advocate for its public policy and government relations goals on behalf of customers and communities.
“We’re pleased that three of Washington’s brightest financial services leaders are joining our ongoing efforts to transform Wells Fargo’s approach to government relations, public policy, and regulatory priorities,” said Moskowitz, who led the Consumer Lending and Corporate Regulatory division of Wells Fargo’s Law Department before assuming leadership of the GRPP group in May 2017. “Beth, Eric, and Shannon will play critical roles in our enterprisewide commitment to more fully engage with policymakers and influencers on issues that are important to our customers, the financial services industry, and the American economy.”
Beth Zorc to lead Public Policy
As the new head of Public Policy, Zorc will coordinate the development of integrated corporate public policies critical to Wells Fargo’s ability to serve its customers, investors, and team members. She joins Wells Fargo after serving as the acting general counsel and principal deputy general counsel for the U.S. Department of Housing and Urban Development. Zorc has previously worked on the U.S. Senate Committee on Banking, Housing, and Urban Affairs, where she served as senior counsel for the majority staff under both Chairman Richard Shelby, R-Ala., and Chairman Mike Crapo, R-Idaho. Prior to that, she worked for Chairman Jeb Hensarling, R-Texas, as a senior counsel for the House Financial Services Committee. She was also an associate in the Financial Services Practice Group at Morrison & Foerster LLP.
“I believe my years of experience working both on Capitol Hill and in the federal government will help me serve as a leading voice shaping Wells Fargo’s evolving public policy priorities and positions across the enterprise,” Zorc said. “I am eager for the challenges this new opportunity will provide.”
Eric Hoplin to lead External Relations
Hoplin, the new head of External Relations, will oversee engagement and outreach to third-party groups, think tanks, academics, and trade associations to help build support for Wells Fargo’s public policy priorities. He recently served as the executive director of Financial Services Roundtable, one of the nation’s leading financial services trade associations.
Hoplin was previously a management consultant at Booz Allen Hamilton, where he helped senior leaders across the government solve their most significant challenges. He is a leader in the charitable community, where he serves as a member of the Reagan Ranch Board of Governors and the Trust for the National Mall’s Corporate Leadership Council.
“I’ve loved Wells Fargo since I got a loan there to buy my first car,” Hoplin said. “I can’t wait to tell the story to policymakers and influencers around the country about how Wells Fargo helps people in their daily lives, as well as the essential role we are playing in rebuilding the U.S. economy.”
Shannon Aimone to lead Political Programs
As the new head of Political Programs, Aimone will evaluate the current campaign and political environment, provide guidance on future opportunities and risks, and maintain relationships with national campaign organizations. She will also manage Wells Fargo’s political action committee and conduct outreach to campaign organizations.
Aimone most recently led the day-to-day administration and management of JPMorgan Chase’s PACs, leading an overhaul of the PACs’ communication strategies, implementing Get Out to Vote initiatives, and directing enterprisewide fundraising campaigns. She previously served as the senior manager for Home Depot’s political programs and led PAC coordination efforts for Printing Industries of America and Independent Community Bankers of America. She is also the incoming president of the National Association of Business Political Action Committees.
“Having a strategic plan around corporate political activities is more important than ever,” Aimone said. “I’m pleased to bring my years of knowledge and expertise from multiple different industries to the stagecoach.”
Expanding government relations
The overall expanded GRPP team is designed to allow Wells Fargo to better address current and future political needs and achieve its policy goals around issues like tax reform. Wells Fargo announced last month that, following the passage of the tax reform bill, it would raise the minimum hourly pay rate for team members to $15 per hour, target $400 million in donations to community and nonprofit organizations in 2018, target $100 million in capital and other resources to support the growth of diverse small businesses, and target $75 million for its NeighborhoodLIFT® homeownership and neighborhood revitalization program.