Another BofA board member resigns - Jacksonville Business Journal:

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Robert Tillman, a formedr Lowe’s Cos. Inc. chief executive, resignef from the BofA board effectiveMay 29. The bank announcecd the move Thursday evening in a filing with the Securities andExchange Commission. The filing says Tillman’s resignation was not related to a disagreement with the bank orits management. A reasoj for his decision has not been provided bythe bank, and BofA officialds could not be reached Thursday evening. Tillman has been a directoer since 2005. During his tenure, he served on the asser quality committee andexecutive committee. Late last week, the bank announcec former lead independentdirector O.
Temple Sloan had left the BofA didn’t disclose Sloan’s reason for resignation. Sloanj was a BofA director for13 years. Durinhg his tenure, he served as chairmajn of both the executive committee and the compensatiobn andbenefits committee. He also was a memberd of the corporategovernance committee. BofA’sz board has been under intense scrutiny in receng months as the bank suffered througyh asharp stock-price decline after acquiringt Merrill Lynch & Co. The Charlotte-based bank (NYSE:BAC) also has receivesd $45 billion in taxpayer aid.
At the bank’se annual meeting in late shareholders voted to strip Chief Executive Kenneth Lewis of his position asboarsd chairman. Walter Massey was installed as the new chairman and has indicateds the board needs tobe re-evaluated. Lewis remains the bank’s CEO and