By Colin Kellaher

Bank of America Corp. (BAC) on Thursday said it named former ITT Inc. (ITT) chief Denise Ramos to its board.

Ms. Ramos, 62 years old, retired earlier this year as president and CEO of ITT after serving in those roles since 2011.

The Charlotte, N.C., bank's board now is composed of 17 directors, including seven women. Women now make up more than 50% of Bank of America's global workforce, more than 45% of its global management team, and more than 40% of the board.

BofA said 16 of its directors are independent, with 12 of them joining the board since the bank's 2012 annual meeting.

Ms. Ramos also serves on the boards of Phillips 66 (PSX) and United Technologies Corp. (UTX).

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

July 25, 2019 12:35 ET (16:35 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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