26th Annual Spencer Fox Eccles Convocation

T H E 2 6 T H A N N U AL

Spencer Fox Eccles

Convocation wwwwwwwwwwwwwwwwwwwwwwww FEATURING

RICHARD M. KOVACEVICH Chairman Emeritus, Wells Fargo & Company

R WEDNESDAY, SEPTEMBER 14, 2016 11:00 A.M. GEORGE S. ECCLES AUDITORIUM SPENCER FOX ECCLES BUSINESS BUILDING 1655 EAST CAMPUS CENTER DRIVE

PROGRAM wwwwwwwwwwwwwwwwwwwwwwwwwwww

WELCOME DR. DAVID W. PERSHING President The University of Utah INTRODUCTION OF

SPENCER F. ECCLES TAYLOR RANDALL

Dean David Eccles School of Business INTRODUCTION OF

RICHARD M. KOVACEVICH SPENCER F. ECCLES

Chairman Emeritus Wells Fargo Intermountain Banking Region

KEYNOTE ADDRESS RICHARD M. KOVACEVICH

Chairman Emeritus, Wells Fargo & Company

CLOSING REMARKS TAYLOR RANDALL

RICHARD M. KOVACEVICH wwwwwwwwwwwwwwwwwwwwwwwwwwww

D

ick Kovacevich, Chairman Emeritus, Wells Fargo & Company, is the 2016 Spencer Fox Eccles Convocation speaker. Mr. Kovacevich was named President and Chief Executive Officer of Wells Fargo & Company in November 1998, after Wells Fargo merged with Norwest Corporation.

He added the title of Chairman of Wells Fargo in April 2001 and retired in December 2009.

Prior to the merger, he was named CEO of Norwest Corporation in 1993 and Chairman in 1995 after serving as President and COO since 1989. He joined Norwest in March, 1986, as Vice Chairman, COO and head of the Banking Group.

Before joining Norwest, he was a group executive and member of the Policy Committee at Citicorp and a division general manager at General Mills.

Mr. Kovacevich is a member of the Board of Directors of Theranos, Inc., the Board of Governors of the San Francisco Symphony, the Board of Trustees of the San Francisco Museum of Modern Art, and the Board of Overseers of the Hoover Institution at Stanford University.

He graduated from Stanford University where he earned his M.B.A., and his bachelor’s and master’s degrees in industrial engineering.

SPENCER FOX ECCLES CONVOCATION wwwwwwwwwwwwwwwwwwwwwwwwwwww

DAVID ECCLES he annual Spencer Fox Eccles Convocation, now in its 26th year, launches the academic year at the David Eccles School of Business. It salutes Mr. Eccles (BS ‘56 Banking & Finance) for his decades of unparalleled commitment to his alma mater and his vital role in working with his aunt Emma Eccles Jones to establish a $15 million endowment to benefit the University’s business school. The last surviving child of David Eccles, Mrs. Jones’ landmark 1991 gift was recognized through the naming of the school in honor of her father — one of Utah’s most notable pioneering industrialists and a leading figure in the economic growth of Utah and the Pacific Northwest in the late 1800s.

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SPENCER FOX ECCLES pencer F. Eccles, chairman emeritus of the Intermountain Banking Region of Wells Fargo, holds a bachelor’s degree in Banking & Finance from the University of Utah and a master’s degree from Columbia’s Graduate School of Business. For nearly two decades as chairman & CEO of First Security Corp. (1982-2000), he carried on the Eccles’ leadership of the nation’s oldest operating multistate bank holding company, a distinction it still held at the time of its 2000 merger with Wells Fargo. As chairman & CEO of the George S. and Dolores Doré Eccles Foundation and a board member of five other Eccles family foundations, he is also a leader in Utah’s philanthropic community.

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SPENCER FOX ECCLES CONVOCATION wwwwwwwwwwwwwwwwwwwwwwwwwwww

He is the Honorary Chair of the David Eccles School of Business capital campaign, and serves on the school’s Eccles Advisory Board as well as many other state and national banking and civic boards.

For the past 24 years, earnings from the Emma Eccles Jones Endowment have enabled the David Eccles School of Business to enrich the quality and quantity of its scholarships, professorships, faculty awards and several key programs.

This year the endowment funded 35 scholarships and 32 faculty scholars.

Emma Eccles Jones Endowment

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ince it was established in 1991, the endowment fund has generated the following vital support for the David Eccles School of Business:

$5.6 million

in scholarship support

$8.3 million

in faculty support

$1.6 million

in program support

PAST CONVOCATION SPEAKERS wwwwwwwwwwwwwwwwwwwwwwwwwwww 2015

NORM WESLEY Former Chairman and Chief Executive Officer Fortune Brands Inc.

2014 BILLY CAMPBELL Television Executive

and Producer 2013 GOVERNOR MITT ROMNEY

70th Governor of Massachusetts

2012 Republican Nominee for President 2012 NOLAN D. ARCHIBALD

Executive Chairman of the Board,

Stanley Black & Decker, Inc. 2011 ROBERT A. MCDONALD Chairman of the Board, CEO, & President, Procter & Gamble 2010 JOHN A. MORAN

Retired Chairman

Dyson-Kissner-Moran Corp.

2009 RANDAL QUARLES

Managing Director

The Carlyle Group

2003 DAVID NEELEMAN

Founder, JetBlue Airlines 2002 DR. JOHN E. WARNOCK

Founder and Chairman

Adobe Systems 2001 IAN M. CUMMING

Founder and Chairman

Leucadia National Corporation 2000 WILLIAM H. CHILD

Chair, R.C. Willey 1999 JON M. HUNTSMAN

Founder and Chairman

Huntsman Corporation 1998 SCOTT S. PARKER

President Emeritus

Intermountain Health Care 1997 SPENCER F. ECCLES

Chairman and CEO

First Security Corporation 1996 BRENDA C. BARNES

CEO, PepsiCo

1995

2008 GEORGE L. STRIKE

Chairman, Martin Franchises, Inc. 1994 2007 DR. SAMUEL STEWART

Founder, Chairman & CEO

Wasatch Advisors 1993 2006 PIERRE LASSONDE

Director and Chairman Franco-Nevada 1992

2005 KENNETH “HAP” KLOPP

Founder, The North Face 1991 2004 DICK KOVACEVICH

Chairman

Wells Fargo & Company

J. WILLARD MARRIOTT, JR. Chairman and CEO Marriott International M. ANTHONY BURNS Chairman Emeritus Ryder Systems, Inc. RAYMOND NOORDA Founder, Novell DENNIS WEATHERSTONE Former Chairman and CEO J.P. Morgan & Company RICHARD K. DAVIDSON Chairman Emeritus Union Pacific Railroad