BofA CFO's exit tied to desire for top job: sources
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Did Big Government Force Out Bank of America (BAC) CFO?
July 23, 2015 1:33 PM EDTBank of America (NYSE: BAC) investors were left scratching their heads Thursday after the company announced sweeping management changes Wednesday evening, including the departure of CFO Bruce Thompson. One analyst thinks big government could be... More
Bank of America (BAC) CFO Departs As Part of Management Shake-Up
July 22, 2015 7:06 PM EDTLate Wednesday, Bank of America (NYSE: BAC) announced a management shake-up that included the departure of Chief Financial Officer Bruce Thompson.
In addition, Global Human Resources Executive Andrea Smith will assume a newly created position as chief administrative officer. Vice Chairman David Darnell has decided to retire by the fourth quarter, after more than 35 years with the company.
Paul Donofrio, who has been with Bank of America since 1999 and has 25 years of global corporate and investment banking experience, will become CFO, effective August 1.
As CFO, Bruce has put our company on a... More
