Carl E. Reichardt facts for kids
Quick facts for kids
Carl E. Reichardt
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| Born |
Carl Edwin Reichardt Jr.
July 6, 1931 |
| Died | July 13, 2017 (aged 86) Belvedere, California, U.S.
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| Nationality | American |
| Alma mater | University of Southern California |
| Occupation | Banking executive |
| Known for | President of Wells Fargo & Company from 1978 to 1983 |
Carl Edwin Reichardt Jr. (July 6, 1931 – July 13, 2017) was a very important American banking leader. He is best known for being the Chief Executive Officer of Wells Fargo Bank, one of the biggest banks in the United States.
Early Life and Education
Carl Reichardt was born in Houston, Texas, in 1931. He went to the University of Southern California. In 1956, he earned a degree in economics.
He started his banking career in the 1960s. He worked at Union Bank in Los Angeles. There, he learned a lot from a famous banking pioneer named Harry Volk.
Leading Wells Fargo
Carl Reichardt joined Wells Fargo in 1970. He quickly moved up the ranks. By 1978, he became the bank's president.
From 1978 to 1983, he served as president of Wells Fargo & Company. In 1981, he was also named chief operating officer. This meant he helped manage the bank's daily operations.
In January 1983, Carl Reichardt became the chairman and chief executive officer of Wells Fargo. He took over from Richard P. Cooley. He held these top positions until the end of 1994.
He worked with Paul Hazen, who became president in 1994. Together, they helped Wells Fargo grow a lot. They guided the bank through big mergers. These included joining with Crocker National Corporation in 1986. They also merged with Barclays Bank of California in 1988. They even helped the bank get through a tough economic time in the early 1990s.
Carl Reichardt retired from the Wells Fargo board of directors in 1998.
Other Important Roles
Besides his work at Wells Fargo, Carl Reichardt was also a director at Ford Motor Company. He served on their board from 1986 to 2006. For a few years, from 2001 to 2003, he was even the vice chairman at Ford.
He also served on the boards of many other large companies. These included Pacific Gas & Electric, ConAgra, HCA, McKesson, and HSBC Holdings PLC. He also helped guide the Newhall Management Corporation.
Carl Reichardt also cared about education. He served as a director for both the University of San Francisco and the University of Southern California.
Carl Reichardt passed away on July 13, 2017, at the age of 86.
