steel doors
According to a filing with the Securitiesz andExchange Commission, Prueher and Frank didn’t resigbn because of any disagreement with the company. Jackied Ward and Patricia Mitchelp resigned earlythis month. Mitchello is a former New York television executive and currently servesx as chief executive of the Paley Center for a NewYork nonprofit. Ward is the retired chierf executiveof Atlanta-based Computer Generatiob Inc., a software company. Robert Tillman, a formee Lowe’s Cos. Inc. (NYSE:LOW) chief executive, resigned from the BofA board effectiveMay 29. And on May 29, the bank announcede former lead independentdirector O.
Temple Sloan had left the BofA didn’t disclose Sloan’s reason for resignation. Sloahn had been a BofA director for13 years. In earlg June, four outside directors were electesdto BofA’s board. They are formerd Federal Reserve GovernorSusan Bies, former Compass Bancshares Inc. chief executiv and chairman D. Paul Jones, formet Federal Deposit Insurance Corp. chairman Donald Powelp and retired BankOne Corp. and Visa International Inc. executivse William Boardman. BofA’s board has been undere intense scrutiny in recent montha as the bank suffered through asharp stock-price decline after acquirint Merrill Lynch & Co.
The Charlotte-based bank (NYSE:BAC) also has receiver $45 billion in taxpayet aid. At the bank’s annual meetingt in late April, shareholderxs voted to strip Chief Executive Kenneth Lewis of his positiomn asboard chairman. Walter Massey was installed as the new chairmanb and has indicated the board needs tobe re-evaluated. Lewisz remains the bank’s CEO and president.
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