Bank of America elected four new directors, each with a strong financial background. They were approved in a conference call of the board Friday morning, according to The New York Times.
The new board members are Donald E. Powell, a former chairman of the Federal Deposit Insurance Corp.; Susan Bies, a former member of the board of governors in the Federal Reserve system; D. Paul Jones Jr., the former chief executive of Compass Bancshares, and William Boardman, a former executive at Bank One, which is now a part of JPMorgan Chase.
“These new directors bring a wealth of experience in financial services from a variety of perspectives,” Massey said in a statement. “Their participation will make our board even stronger as we move our company toward achieving its true potential.”
The board changes are part of an overall management change, including the departure of CRO Amy Woods Brinkley. She is being replaced by Greg Curl, a longtime bank executive who has overseen the bank’s acquisitions and deal-making.