From the Liveblog of
Tuesday, October 31, 2023
Ex-envoy Nides steps down from Wells Fargo after one month ‘to return attention to Mideast’
Jacob Magid is The Times of Israel's US bureau chief
Wells Fargo has announced that Tom Nides, who joined the bank just over one month ago as vice chairman after 20 months as the US ambassador to Israel, has resigned “to return his attention to events in the Middle East.”
“Watching the horrific events unfold in Israel and Gaza these past few weeks have had a profound effect on me, in ways that I could not have imagined. While my tenure as Ambassador ended a few short months ago, I now feel an obligation to turn my attention back to the region, and continue to provide whatever assistance I can, outside of an official government role, to help find solutions for the people living there,” Nides says in a statement.
The former ambassador says he will work with the UJA Federation in New York as well as several Middle East organizations “to bring whatever expertise I can, immediately.”
William Daley, Wells Fargo’s vice chairman of public affairs until Nides was hired, has returned to his prior role, and the company says it will re-start a search for Daley’s replacement in the coming weeks.
The announcement from Wells Fargo was made on Friday.
The Times of Israel Community.