Bankof America Management Team Governance and Leadership

The Bank of America management team is led by Brian Moynihan, who has been the bank's CEO since 2009. He has a long history with the bank, having joined in 1987.

Under Moynihan's leadership, the bank has undergone significant changes, including the acquisition of Merrill Lynch in 2008. This acquisition was a major turning point for the bank.

The bank's management team is responsible for making key decisions that impact the bank's operations and strategy. This team is led by Moynihan and includes several other senior executives.

The Bank of America leadership team is made up of experienced professionals who have been with the bank for varying lengths of time. Brian Moynihan has been the Chairman for 15.1 years.

The team is led by Brian Moynihan, who has been with the bank for over 15 years. He is followed by Alastair Borthwick, the Chief Financial Officer, who has been with the bank for 3.3 years.

Alastair Borthwick has been with the bank for 3.3 years, earning a compensation of US$9.30m. Matthew Koder, the President of Global Corporate & Investment Banking, has been with the bank for 6.2 years and earns US$13.62m.

The bank's leadership team includes several high-ranking executives, each with their own area of responsibility. Dean Athanasia, the President of Regional Banking, has been with the bank for 7.1 years and earns US$11.90m.

Here are some key facts about the Bank of America leadership team:

James DeMare, the President of Global Markets, has been with the bank for an unknown amount of time, but earns a compensation of US$21.73m.

Bank of America's executive team has undergone significant changes with the appointment of new leaders in various roles.

Alastair Borthwick, the current president of global commercial banking, will take over as chief financial officer in the fourth quarter, replacing Paul Donofrio.

Lauren Mogensen, the head of global compliance & operational risk, will succeed David Lietch as global general counsel.

D. Steve Boland, the president of retail banking and head of community bank and consumer lending, will succeed Andrea Smith as chief administrative officer.

Holly O'Neil, Wendy Stewart, and Cathy Bessant have been promoted to senior management roles.

O'Neill, who joined Bank of America in 1996, will become president of retail banking.

Stewart, also a 1996 joiner, will take on the role of president of global commercial banking.

Bessant, who has been with the bank since 1992, will become vice chair of global strategy.

Aditya Bhasin has been named chief information officer, and Tom Scrivener will serve as chief operations executive.

The executive team now includes a mix of veteran leaders and new appointees, with a focus on driving Responsible Growth through its second decade.

Bank of America chairman and CEO Brian Moynihan expressed his enthusiasm for the changes, stating that they position the company with highly energized leaders.

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The Bank of America management team is led by Brian Moynihan, who has been the CEO since 2010. He has been instrumental in shaping the bank's strategy and direction.

Brian Moynihan's leadership has been marked by a focus on digital transformation and improving customer experience. This includes the bank's acquisition of Merrill Lynch in 2008 and its subsequent integration.

The bank's Board of Directors is responsible for overseeing the management team and making strategic decisions. The Board is composed of 14 members, including 12 independent directors and 2 inside directors.

One of the key roles of the Board is to provide guidance and oversight to the management team. This includes reviewing financial performance, risk management, and compliance with regulatory requirements.

The bank's Board also has a number of committees that focus on specific areas, such as audit, compensation, and risk management. These committees provide additional oversight and guidance to the management team.

Brian Moynihan is also a member of the bank's Board of Directors, bringing his extensive experience and knowledge to the role.

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Bank of America has appointed new finance, technology, legal, and administrative chiefs as part of a sweeping overhaul to its leadership team.

The bank's president of global commercial banking, Alastair Borthwick, will take over as chief financial officer in the fourth quarter, replacing current CFO Paul Donofrio.

Borthwick will continue as vice chair of Bank of America's Global Diversity & Inclusion Council.

Donofrio will become a vice chair, overseeing Sustainable Finance and Bank of America's Sustainable Markets Committee.

Lauren Mogensen, the head of global compliance & operational risk, will succeed global general counsel David Lietch.

D. Steve Boland will succeed chief administrative officer Andrea Smith.

Holly O'Neil, Wendy Stewart, and Cathy Bessant have been promoted to Bank of America's president of retail banking, president of global commercial banking, and vice chair of global strategy, respectively.

O'Neill, who joined Bank of America in 1996, has extensive experience in client care and consumer client services.

Stewart, who also joined the bank in 1996, has a background in commercial banking and wholesale credit strategy.

Bessant, who joined Bank of America in 1992, has served as chief technology and operations officer for over 12 years.

Aditya Bhasin will become the new chief information officer, while Tom Scrivener has been named chief operations executive.

The restructuring positions the company with highly energized leaders, according to Bank of America chairman and CEO Brian Moynihan.

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Bank of America's CEO, Brian Moynihan, has seen significant changes in his compensation over the years. His total compensation has ranged from $24 million to $30 million between 2020 and 2022.

One notable trend is that Brian's compensation has been consistent with the company's performance. When the company earns more, his compensation tends to increase. For example, in 2021, the company earned $31 billion, and Brian's compensation was $24 million.

Here's a breakdown of Brian's compensation and the company's earnings over the past few years:

In terms of market comparison, Brian's total compensation of $28.57 million is above average for companies of similar size in the AR market, which averages around $5.49 million.

Bank of America has made some significant changes to its leadership team. The bank has appointed new finance, technology, legal, and administrative chiefs, as well as promoted three women to senior management roles.

Alastair Borthwick, the current president of global commercial banking, will take over as chief financial officer in the fourth quarter, replacing Paul Donofrio. Donofrio will become a vice chair, overseeing Sustainable Finance and Bank of America's Sustainable Markets Committee.

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Lauren Mogensen, the head of global compliance & operational risk, will succeed David Lietch as global general counsel. D. Steve Boland will succeed Andrea Smith as chief administrative officer.

Holly O'Neil, Wendy Stewart, and Cathy Bessant have been promoted to Bank of America's president of retail banking, president of global commercial banking, and vice chair of global strategy, respectively.

Bank of America's management team has some impressive tenure. Mr. Brian Thomas Moynihan has been Chairman, CEO & President since October 2014. He's been leading the company for over 8 years now.