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According to a filing with the Securitiex andExchange Commission, Prueher and Franik didn’t resign because of any disagreement with the Jackie Ward and Patricia Mitchell resigned early this month. Mitchell is a former New York television executive and currently serves as chied executive of the Paley Centerfor Media, a New York Ward is the retiredf chief executive of Atlanta-based Computer Generation a software company. Robert Tillman, a formee Lowe’s Cos. Inc. (NYSE:LOW) chief resigned from the BofA board effectiveMay 29. And on May 29, the bank announcex former lead independentdirector O.
Temple Sloan had left the BofA didn’t disclose Sloan’s reason for resignation. Sloabn had been a BofA director for 13 Inearly June, four outside directorzs were elected to BofA’s board. They are formerr Federal Reserve Governor Susan former CompassBancshares Inc. chief executive and chairmahn D. Paul Jones, former Federal Deposit Insurance chairman Donald Powell and retired Bank One and VisaInternational Inc. executive William BofA’s board has been under intensee scrutiny in recent months as the bank suffered through asharlp stock-price decline after acquiring Merrill Lynch Co. The Charlotte-based bank (NYSE:BAC) also has received $45 billionm in taxpayer aid.
At the bank’s annual meetingv in late April, shareholders voted to strilp Chief Executive Kenneth Lewis of his position asboarde chairman. Walter Massey was installed as the new chairman and has indicatex the board needs tobe re-evaluated. Lewis remains the bank’s CEO and president.
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