Bank of America narrows list for CEO post: Report
The race to succeed Kenneth Lewis as the Bank of America Corp chief executive has narrowed to two internal candidates, though the board is still looking for a new face for the nation"s largest bank by assets, says a media report. - BofA to select "emergency" CEO this week: report - No half measures - Merchant bankers count their lost crores - McGee will replace Ayer as chairman and CEO of The Hartford - Cheap wriggle - BofA, JPMorgan reduce fees on overdrafts The internal candidates are Bank of America Chief Risk Officer Gregory Curl and Brian Moynihan, the Charlotte, NC, bank"s consumer and small-business banking chief, The Wall Street Journal said attributing to people familiar with the situation. A board search committee formed last week is also expected to sift through external candidates, and other names could enter the process depending on input from other Bank of America directors. Among financial-services executives not at Bank of America, those discussed by the board include Gregory Fleming, former president and chief operating officer of Merrill Lynch & Co and a senior research scholar and lecturer at Yale Law School, the report said citing people aware of the matter. The search committee is expected to meet for the first time later this week, followed by a meeting of the full board on Friday. The report noted that if the 61-year-old Curl is named the CEO, he would keep the job for no more than two years, whereas Moynihan, 49, will likely be a long-term choice. However, the search for the CEO began after Lewis announced his retirement with effect from December 31, 2009 last week. Curl became the chief risk officer following the departure of Amy Woods Brinkley last summer. Moynihan joined the bank as part of the 2004 takeover of FleetBoston Financial Corp and has broad experience with the company. He has run wealth management and investment bank and has also served as general counsel, while Bank of America digested Merrill. In April this year, irate shareholders voted to oust Lewis as chairman of the company. He was severely criticised for troubles at BOFA forcing it to seek two federal bailouts.Pay day loan commented:
They want to find the best person therefore they are narrowing the list
19.08.2011
Payday uk commented:
They have done this because they want to select some one who is best and suitable
05.09.2011
Payday cash loans commented:
The report noted that if the 61-year-old Curl is named the CEO, he would keep the job for no more than two years, whereas Moynihan, 49, will likely be a long-term choice. However, the search for the CEO began after Lewis announced his retirement with effect from December 31, 2009 last week.
24.09.2011
Mortgage Specialist commented:
But the committee will also consider several external applicants for the job, in a list that is believed to include Gregory Fleming, the former president and chief operating officer of Merrill Lynch.
10.10.2011
Cash Genie commented:
The list of candidates for CEO post has been narrowed by the Bank of America Board. The board is about to select a candidate for the post of CEO
18.10.2011
Asian Private Funds commented:
Its pretty different choice they are making by narrowing down the way to top position and it seems they want pretty different views to extend their business.
21.11.2011
Payday uk commented:
Such action of narrowing the list is a good decision in my opinion,. Some efficient people can do the work better than more unefficient people.
28.11.2011
Gurgaon Escorts commented:
This is like a scar which leaves it\'s mark and impact on bussiness also.Thanks for such post.
11.12.2011
Kwik Quid commented:
Such narrowing of list is done because they are now not concerned with quantity but with quality.If good and able CEO will be in power they will handle the issues well irrespective of how much they are in number.
12.12.2011
Delhi Escorts Services commented:
The article that has been posted by you has all the information that is required in order to excel a particular blog, further I also think that it would help in scoring the good rate of business.
22.12.2011
Philanthropy Asia commented:
All the required information has been posted in this article.Its a good decision, now the talented people can utilize their efficiency in an effective way.
12.01.2012
Family Offices Singapore commented:
In my eye too, quality matters more in comparision of quantity.In the same way such narrowing of CEO post is fair .I hope now CEO will be more qualified to handle odd situations too.
20.01.2012