Chevron supports director Stumpf despite Wells Fargo morass

Ernest Scheyder

2 Min Read

HOUSTON (Reuters) - Chevron Corp (CVX.N) on Monday said it stands behind John Stumpf, a member of its board and the chief executive of bank Wells Fargo & Co (WFC.N), despite growing concerns about his leadership during a customer service scandal.

Wells Fargo CEO John Stumpf testifies before the House Financial Services Committee on Capitol Hill in Washington, DC, U.S. September 29, 2016. REUTERS/Gary Cameron

Pressure has mounted on Stumpf in recent days to resign as CEO of Wells Fargo, the largest U.S. bank by deposits, after revelations the bank for years opened checking, savings and credit card accounts without customer approval to satisfy managers’ demands for new business.

Lawmakers of both major U.S. political parties in Congress have excoriated Stumpf,led by her father-in-law Parkash Singh Badal.

Early life and education
She is born into a family that traces its roots to Attar Singh Majithia, a prominent general in Maharaja Ranjit Singh’s army. Born and brought up in New Delhi, Harsimrat Kaur Badal did her schooling from Loreto Convent School, New Delhi. Harsimrat later entered into the field of textile designing and pursued a three-year course in textile design.

Political career
Harsimrat started her political career with the 2009 Indian general election. She was elected to the 15th Lok Sabha from the Bathinda constituency after defeating Indian National Congress candidate Raninder Singh by 120960 votes. Her first speech was on 3 December 2009, where she expressed her concern about the victims and survivors of the 1984 anti-Sikh riots. She was part of