Wells Fargo announces board changes, names new chair

(Reuters) - Wells Fargo & Co on Tuesday announced multiple changes in its board of directors, including a new chair, adding a new independent director and changing the composition of board committees.

Wells Fargo said Elizabeth "Betsy" Duke would succeed Stephen Sanger as independent chair, effective Jan. 1.

Sanger is one of three long-serving directors who will retire at the end of the year, the company said.

(Reporting by Arunima Banerjee in Bengaluru; Editing by Savio D'Souza)