Bank of America Names Clayton S. Rose to Board of Directors
October 24 2018 - 10:47AM
Business Wire
Bank of America’s Board of Directors today appointed Clayton S.
Rose as director, effective immediately. He is a member of the
Audit and Compensation and Benefits committees.
Dr. Rose, 60, served as a director from 2013 until 2015, when he
was named to his current position as president of Bowdoin College
in Brunswick, Maine. He is a former senior executive with J.P.
Morgan & Co. Inc. During his approximately two decades with the
firm, he headed two of the five major lines of business – Global
Investment Banking and Global Equities – and was a member of the
senior management team. He was a founder of J.P. Morgan’s equities
business, and had management roles in securities, derivatives, and
corporate finance businesses.
A former professor at the Harvard Business School, Dr. Rose also
taught at the Graduate School of Business at Columbia University
and the Stern School of Business at New York University. His
teaching and writings range from strategy to corporate
responsibility, moral leadership and ethics, managerial values, and
business engagement with societal challenges.
“We welcome Clayton back to our board,” said Chairman and Chief
Executive Officer Brian Moynihan. “In every dimension of how we
drive Responsible Growth – focusing on our clients, managing risk
well, and ensuring that growth is sustainable – Clayton brings
terrific perspective.”
“Clayton’s expertise in a range of financial and strategic
disciplines, enhanced by his experience as an academic leader, will
add important judgment and diverse insight to our board,” said Lead
Independent Director Jack Bovender.
Dr. Rose received his Ph.D. in sociology from the University of
Pennsylvania. He earned an A.B. and MBA from the University of
Chicago, and an M.A. from the University of Pennsylvania. He is a
trustee of the Howard Hughes Medical Institute, the nation’s
largest private supporter of academic biomedical research.
The board is composed of 16 directors, 15 of whom are
independent. Eleven of the independent directors joined the board
since the company’s 2012 annual meeting.
Bank of AmericaBank 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
67 million consumer and small business clients with approximately
4,400 retail financial centers, approximately 16,100 ATMs, and
award-winning digital banking with more than 36 million active
users, including nearly 26 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 more than 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
View source
version on businesswire.com: https://www.businesswire.com/news/home/20181024005605/en/
Reporters May Contact:Lawrence Grayson, Bank of America,
1.704.995.5825lawrence.grayson@bankofamerica.com
Bank of America (NYSE:BAC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Bank of America (NYSE:BAC)
Historical Stock Chart
From Apr 2023 to Apr 2024