We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Bank of America Corporation | NYSE:BAC | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.355 | 0.96% | 37.235 | 37.53 | 37.08 | 37.25 | 18,693,840 | 17:37:21 |
Bank of America Corp.'s board voted to make Brian Moynihan chairman, adding that role to his chief executive duties and underscoring the bank's steady comeback from years of pain that followed the financial crisis.
The current chairman, Chad Holliday, will remain on the board. The change is effective immediately.
The bank split the role of chairman and CEO under duress in 2009, when former executive Ken Lewis held both roles but shareholders voted to strip him of the chairman title.
Mr. Moynihan became CEO the following year. Mr. Holliday, the former CEO and chairman of DuPont, has been chairman since 2010.
Mr. Moynihan, 54 years old, took over at the bank at a time when it was reeling from the effects of its purchase of the mortgage lender Countrywide Financial Corp. and investment bank Merrill Lynch. Mr. Holliday said in a statement that Mr. Moynihan's strategy of simplifying the company has built value for shareholders.
Jack Bovender, the former CEO and chairman of HCA Inc., will become the bank's lead independent director.
Write to Christina Rexrode at christina.rexrode@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Bank of America Chart |
1 Month Bank of America Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions