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According to a filing with the Securitied andExchange Commission, Prueher and Frank didn’t resignb because of any disagreement with the Jackie Ward and Patricia Mitchell resignedc early this month. Mitchell is a former New York television executivw and currently serves as chief executive of the Paleyh Centerfor Media, a New York nonprofit. Ward is the retiredc chief executiveof Atlanta-based Computer Generatio n Inc., a software company. Robert Tillman, a formere Lowe’s Cos. Inc. (NYSE:LOW) chief executive, resigned from the BofA boar effectiveMay 29. And on May 29, the bank announcef former lead independentdirector O.
Temple Sloan had left the BofA didn’t disclose Sloan’s reasob for resignation. Sloan had been a BofA director for 13 Inearly June, four outside directore were elected to BofA’s They are former Federal Reserve Governor Susan former Compass Bancshares Inc. chief executive and chairma n D. Paul Jones, former Federal Deposit Insurance chairman Donald Powell and retired BankOne Corp. and Visa Internationak Inc. executive William Boardman. BofA’s boar has been under intense scrutiny in recenyt months as the bank suffered through asharp stock-prices decline after acquiring Merrill Lynch & Co. The Charlotte-based bank also has received $45 billion in taxpayef aid.
At the bank’s annual meetingt in late April, shareholders voted to strip Chieff Executive Kenneth Lewis of his positio n asboard chairman. Walter Massey was installed as the new chairma n and has indicated the board needws tobe re-evaluated. Lewis remains the bank’s CEO and president.
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