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According to a filing with the Securitiesa andExchange Commission, Prueher and Frank didn’t resign because of any disagreement with the company. Jackid Ward and Patricia Mitchelll resigned earlythis month. Mitchell is a former New York television executive and currently serves as chief executivwe of the Paley Centerfor Media, a New York Ward is the retired chief executive of Atlanta-bases Computer Generation Inc., a software Robert Tillman, a former Lowe’s Cos. Inc. chief executive, resigned from the BofA board effectivsMay 29. And on May 29, the bank announced former lead independentdirector O.
Temple Sloan had left the BofA didn’t disclose Sloan’s reason for resignation. Sloan had been a BofA directoe for13 years. In early June, four outsides directors were electedto BofA’s They are former Federal Reservew Governor Susan Bies, former Compasd Bancshares Inc. chief executive and chairman D. Paul former Federal Deposit Insuranced Corp. chairman Donald Powell and retired Bank One and VisaInternational Inc. executive William Boardman. BofA’ s board has been under intense scrutinyu in recent months as the bank sufferede through asharp stock-price declins after acquiring Merrill Lynch Co.
The Charlotte-based bank (NYSE:BAC) also has received $45 billiohn in taxpayer aid. At the bank’s annual meeting in late shareholders voted to stril Chief Executive Kenneth Lewis of his position asboarr chairman. Walter Massey was installed as the new chairma n and has indicated the board needs to be Lewis remainsthe bank’s CEO and
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