© Reuters. FILE PHOTO: Warren Buffett, CEO of Berkshire Hathaway Inc, gestures while playing bridge as part of the company annual meeting weekend in Omaha© Reuters. FILE PHOTO: Warren Buffett, CEO of Berkshire Hathaway Inc, gestures while playing bridge as part of the company annual meeting weekend in Omaha

(Reuters) – Warren Buffett, Wells Fargo (NYSE:) & Co’s largest shareholder, urged the bank in an interview with the Financial Times on Sunday to look outside Wall Street for a new chief executive officer.

“They just have to come from someplace (outside Wells) and they shouldn’t come from Wall Street. They probably shouldn’t come from JPMorgan (NYSE:) or Goldman Sachs,” Buffett told the FT.

“There are plenty of good people to run it (from the Wall Street banks), but they are automatically going to draw the ire of a significant percentage of the Senate and the U.S. House of Representatives, and that’s just not smart,” Buffett was quoted as saying.

Wells Fargo, JPMorganChase and Co and Goldman Sachs Group Inc (NYSE:) were not immediately available for comment outside regular business hours.

Tim Sloan, stepped down as chief executive of Wells Fargo last month, becoming the second CEO to leave the bank in the fallout of a wide-ranging sales practices scandal.

The company’s board said in a statement at the time that it concluded it was best to seek an outside candidate to replace Sloan.

The bank’s general counsel, C. Allen Parker, one of the few newcomers in the bank’s top ranks, serves as interim chief executive.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.