Chevron (NYSE: CVX) Nominates Wells Fargo (NYSE: WFC) CEO and Former Republican Senator to Board of Directors

Chevron Corporation (NYSE: CVX) announced on Wednesday that it has nominated former Republican Senator Chuck Hagel and Wells Fargo CEO John Stumpf to its board of directors.

Shareholders of Chevron will vote on the nominations at the company’s annual shareholder’s meeting on May 26th.

If the two nominations are approved, Chevron will have a massive 16-member board.

Hagel currently serves as a professor at Georgetown University and the University of Nebraska at Omaha. He is also an acting chairman for a Washington think tank, called Atlantic Council.

Hagel has served as a U.S. senator from Nebraska for two terms before retiring in 2009. During his tenure in the Senate, Hagel was a prominent member of the Senate Foreign Relations Committee, the Banking, Housing and Urban Affairs Committee, and the Intelligence Committee.

John Stumpf is a 28-yaer veteran of San Francisco-based Wells Fargo & Co. Stumpf was nominated to become the company’s chief executive in 2007.