Investor Relations


Avid Modjtabai

Avid Modjtabai

Board of directors member since 2014; Senior Executive Vice President, Payments, Virtual Solutions and Innovation, Wells Fargo Bank

Avid Modjtabai is a senior executive vice president for Wells Fargo’s Payments, Virtual Solutions and Innovation group. In this role, she is responsible for overseeing the company’s robust payments platforms, digital capabilities, online, mobile and phone channels and innovation teams.

Ms. Modjtabai has been with Wells Fargo since 1993, and has served in a number of diverse senior leadership roles during her tenure. Prior to her current role, she was the head of the consumer lending and enterprise-wide operations group. She also previously served as the chief information officer and head of the technology and operations group. As CIO, she was responsible for the core technology functions across the company, including computing, data centers, connectivity and voice and data networks, end-user services, enterprise architecture, application development, information security and technology governance. Ms. Modjtabai has served as Wells Fargo’s director of human resources, led the Internet Services Group and held management positions in consumer deposits and the investment group. Before joining Wells Fargo, she was a consultant with McKinsey & Company where she focused on strategy initiatives in financial services.

Ms. Modjtabai was named one of the “Most Powerful Women in Banking” by American Banker and one of the “100 Most Influential Women in Bay Area Business” by the San Francisco Business Times. She received the “Ellis Island Medal of Honor” for her outstanding personal and professional achievements and her commitment to preserving the richness of her heritage. She is an active member in the community and serves on the board of trustees for The Marine Mammal Center.

Ms. Modjtabai earned a master's degree from Columbia University and a bachelor's degree from Stanford University.

As a member of Avnet's board of directors, Ms. Modjtabai serves on the Compensation Committee and chairs the Corporate Governance Committee.

Last Updated: August 12, 2019

Independent Director