CHARLOTTE, N.C.--(BUSINESS WIRE)--Jun. 23, 2016--
The Bank of America Corporation board of directors today appointed
Michael D. White as a director, effective immediately. White, 64, is the
recently retired chairman, president and CEO of DIRECTV.
“Mike’s expertise leading consumer and technology businesses, working in
regulated industries, his finance background, and his international
perspective make him a great fit to help oversee the management team and
the responsible growth approach to creating value for shareholders,”
said Chairman and CEO Brian Moynihan.
“Mike is a proven leader who will further strengthen an already deep
board,” said Lead Independent Director Jack Bovender.
White is an advisory partner for Trian Fund Management. He is the former
CEO of PepsiCo International and former vice chairman and director of
PepsiCo. His experience includes service as CEO of Frito-Lay’s Europe,
Africa and Middle East division, and CFO for PepsiCo and certain of its
subsidiaries. He is a former senior vice president for Avon Products,
Inc., and a former management consultant for Bain & Company and Arthur
Andersen & Co.
White received a master’s degree in international relations from Johns
Hopkins University and a Bachelor of Arts in English and Russian from
Bank of America
Bank 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 47 million
consumer and small business relationships with approximately 4,700
retail financial centers, approximately 16,000 ATMs, and award-winning
online banking with approximately 33 million active users and
approximately 20 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 in
all 50 states, the District of Columbia, the U.S. Virgin Islands, Puerto
Rico and more than 35 countries. Bank of America Corporation stock
(NYSE: BAC) is listed on the New York Stock Exchange.
Visit the Bank of America newsroom for more Bank
of America news.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160623006104/en/
Source: Bank of America Corporation
Investors May Contact:
Lee McEntire, Bank of America, 1.980.388.6780
Lawrence Grayson, Bank of America, 1.704.995.5825