Avid Modjtabai

Professional Background

Ms. Avid Modjtabai has been Senior Executive Vice President of Payments, Virtual Solutions and Innovation at Wells Fargo & Company since November 14, 2016. Ms. Modjtabai serves as the Senior Executive Vice President of Consumer Lending at Wells Fargo Bank, National Association. Ms. Modjtabai served as Head of Payments, Virtual Solutions and Innovation at Wells Fargo & Company from November 1, 2016 to November 14, 2016. She served as Senior Executive Vice President of Consumer Lending and Operations at Wells Fargo & Company from July 2011 to November 1, 2016. She served as the Chief Information Officer and Executive Vice President of Wells Fargo & Company from April 2007 to July 2011 and served as its Senior Executive Vice President of Technology and Operations. Ms. Modjtabai served as an Executive Vice President and Director of Human Resources at Wells Fargo & Co., since June 2005 until 2007. She responsibilities included developing and implementing people strategies to support Wells Fargo's business objectives, as well as the management of compensation and benefits, human resource service centers, systems and payroll, finance, team member relations and assistance, talent management, learning and development and diversity for over 150,000 Wells Fargo team members. A 12-year veteran of Wells Fargo, Ms. Modjtabai helped Wells Fargo become the leading provider of online financial services. She served as an Executive Vice President and Director of Internet Services of Wells Fargo where she was responsible for managing consumer and small business internet services for Wells Fargo. During her tenure, Wellsfargo.com was ranked as the 1 Internet Bank by Watchfire GomezPro and the Best Consumer Internet Bank in the industry by Global Finance. She served as Head of Wells Fargo's Online Personal Financial Services, including both the consumer and the online brokerage services and served as Head of Wells Fargo's Consumer Internet Services (CIS) group. She served as Head of the Enterprise Internet Services Group of Wells Fargo, responsible for customer experience on Wellsfargo.com. Ms. Modjtabai's Wells Fargo career has also included management positions in Consumer Deposits, the Investment Group and she served as Senior Consultant in Corporate Strategy of Wells Fargo. She joined Wells Fargo from McKinsey & Company, where she focused on strategy initiatives in financial services. She has been an Independent Director of Avnet, Inc. since November 6, 2014. She was a Director of Wells Fargo Bank, National Association. In 2004 she was selected as one of the 25 Most Powerful Women in Banking by U.S. Banker, one of the 100 Most Influential Women in Bay Area Business by the San Francisco Business Times in 2004 and 2005 and the number three e-finance innovator by Institutional Investor. Ms. Modjtabai holds a B.S. in industrial engineering from Stanford University and an MBA in Finance from Columbia University.