Bank of America Names Denise Ramos to Board of Directors
July 25 2019 - 10:50AM
Business Wire
The Bank of America Corporation Board of Directors today
appointed Denise L. Ramos as a director, effective immediately.
Ramos, 62, retired in 2019 as the CEO, president and a director
of ITT, Inc., after serving in those roles since 2011. She joined
the company in 2007, serving as the senior vice president and CFO
before becoming CEO. Under her tenure as CEO, market capitalization
for the company increased nearly three times to more than $5
billion.
Currently, Ramos is on the boards of directors for Phillips 66
and United Technologies Corp. She previously served on the board of
Praxair, Inc. from 2014 to 2016.
“Denise’s leadership in multiple industries – engineering,
aerospace and technology, energy and sustainability – brings
additional diversity and executive perspective to our board,” said
Brian Moynihan, chairman and chief executive officer.
Ramos has been appointed to the Audit and Compensation and
Benefits Committees of the Bank of America Board of Directors.
“Denise will bring great insights across a wide range of
experiences and deep business acumen to the board,” said Jack
Bovender, lead independent director.
Ramos was named fifth by Fortune on its 2014 Businessperson of
the Year list, and that same year was honored by the New York Hall
of Science with its Distinguished Leadership Award for her
leadership in 21st-century STEM learning, workforce development,
and commitment to establishing diversity throughout the STEM
fields.
For more than two decades prior to joining ITT, Ramos held
leadership positions in the oil and gas industry and also has
significant retail and customer-centric experience. Her career
began at Atlantic Richfield Company (ARCO), and she also served as
senior vice president and corporate treasurer for Yum! Brands, CFO
for the U.S. Division of KFC Corporation and CFO for Furniture
Brands International.
She is a member of Phi Beta Kappa and received an MBA from the
University of Chicago.
Bank of America Bank of America is one of the world’s leading
financial institutions, serving individual consumers, small and
middle-market businesses and large corporations with a full range
of banking, investing, asset management and other financial and
risk management products and services. The company provides
unmatched convenience in the United States, serving approximately
66 million consumer and small business clients with approximately
4,300 retail financial centers, including approximately 2,200
lending centers, 2,400 financial centers with a Consumer Investment
Financial Solutions Advisor and 1,700 business centers;
approximately 16,600 ATMs; and award winning digital banking with
more than 37 million active users, including approximately 28
million mobile users. Bank of America is a global leader in wealth
management, corporate and investment banking and trading across a
broad range of asset classes, serving corporations, governments,
institutions and individuals around the world. Bank of America
offers industry-leading support to approximately 3 million small
business owners through a suite of innovative, easy-to-use online
products and services. The company serves clients through
operations across the United States, its territories and
approximately 35 countries. Bank of America Corporation stock
(NYSE: BAC) is listed on the New York Stock Exchange.
For more Bank of America news, including dividend announcements
and other important information, visit the Bank of America
newsroom. Click here to register for news email alerts.
www.bankofamerica.com
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Reporters May Contact: Andy Aldridge, Bank of America,
1.980.387.0514 andrew.aldridge@bofa.com
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