Bonnie Herzog

Managing Director of Equity Research

Wells Fargo Securities, LLC

Bonnie Herzog is a Managing Director and Senior Consumer Equity Analyst at Wells Fargo covering the Beverage, Household & Personal Care, Tobacco and Convenience Store sectors. During her 20 years of experience as a sell-side equity research analyst, Bonnie has been a top-ranked Institutional Investor analyst. For more than ten years, Bonnie has been recognized by Institutional Investor magazine for the All-America Research Team, most recently ranking No. 5 (runner-up) in the Beverage/HPC sector and historically ranking as No. 2 in the tobacco sector. Bonnie consistently ranks in the U.S. Thomson Reuters Awards and most recently ranked No. 3 stock picker and No. 2 earnings estimator in the beverage sector. Prior to joining Wells Fargo in 2010, Bonnie was a managing director at Citi Investment Research where she covered the beverage and tobacco sectors in equity research since 2002 and was a director at Credit Suisse covering the beverage and tobacco sectors since 1997. Bonnie is best known for her in-depth proprietary research and successful contrarian stock calls. She has been a guest speaker at numerous tobacco, beverage and convenience store industry conferences. Bonnie earned an MBA degree in finance from the Sloan School of Management at the Massachusetts Institute of Technology and a BA degree in finance from the University of St. Thomas in St. Paul, Minnesota.