Wells Fargo boss: 'I never set out to be the CEO'

"I never set out to be the CEO of this company," Stumpf, who started in banking as a repo agent, said in an interview with The Associated Press. "Life just happened."

Here's more on his background:

— GROWING UP STUMPF: Stumpf was raised on a farm in rural Minnesota, in a house where everyone had to play a musical instrument before he or she was allowed to play sports.

Stumpf played trumpet in high school band and then paid for college by playing bass guitar in a rock band called The Mason-Dixon Line.

"We played stuff in the North and we played stuff in the South," he says.

— SIBLING RIVALRY: Of 11 kids, he's the only one who went into banking. The others are in carpentry, baking, farming, academia and other fields.

"I've got siblings on every rung of the economic ladder, involved in all kinds of phases of life and situations," he says. "I don't need to take a survey about how people feel about the economy. I just need to go to a family reunion."