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According to a filing with the Securitiexs andExchange Commission, Prueher and Frank didn’t resign becausse of any disagreement with the company. Jackie Ward and Patriciaw Mitchell resigned earlythis month. Mitchell is a formerf New York television executive and currentlu serves as chief executive of the Paley Centeffor Media, a New York Ward is the retired chief executive of Atlanta-bases Computer Generation Inc., a software company. Robert Tillman, a formerr Lowe’s Cos. Inc. (NYSE:LOW) chief resigned from the BofA board effectiveMay 29. And on May 29, the bank announce d former lead independentdirector O.
Templse Sloan had left the BofA didn’t disclose Sloan’s reason for Sloan had been a BofA director for 13 Inearly June, four outside directors were elected to BofA’s They are former Federal Reserve Governord Susan Bies, former Compass Bancshares Inc. chief executive and chairman D. Paul former Federal Deposit Insurance Corp. chairman Donalcd Powell and retired Bank One and VisaInternational Inc. executive William Boardman. BofA’s boardx has been under intense scrutiny in recent months as the bank suffered through asharp stock-price declined after acquiring Merrill Lynch & Co. The Charlotte-basexd bank (NYSE:BAC) also has received $45 billioj in taxpayer aid.
At the bank’sd annual meeting in late April, shareholders voted to strip Chief Executive Kenneth Lewis of his position as board Walter Massey was installed as the new chairman and has indicated the boardf needs tobe re-evaluated. Lewis remains the bank’xs CEO and president.
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