Former Sen. Chuck Hagel and Wells Fargo CEO John Stumpf nominated to Chevron’s board

Former sen., Wells Fargo CEO to join Chevron board

SAN RAMON, Calif. — Oil producer Chevron Corp. said Wednesday it has nominated former Republican Sen. Chuck Hagel and Wells Fargo & Co. CEO John Stumpf to its board of directors.

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.

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.

Stumpf is a 28-year veteran of Wells Fargo, the San Francisco bank. He was named chief executive in 2007.