Board of Directors

Board of Directors | Executive Management Team
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Biography PhotoBrian Moynihan
Chairman of the Board and Chief Executive Officer, Bank of America Corporation

Biography PhotoJack O. Bovender, Jr.
Lead Independent Director, Bank of America Corporation

Professional Highlights:

  • Mr. Bovender served as Chairman of HCA, Inc., one of the largest for-profit U.S. hospital operators, from January 2002 to December 2009 and was Chief Executive Officer from January 2001 to January 2009. During his tenure at HCA, he also served as President and Chief Operating Officer.
  • Mr. Bovender began his career in hospital administration in the U.S. Navy.

Other Leadership Experience and Service:

  • Mr. Bovender is Vice Chair of the Duke University Board of Trustees and previously served as chair of its Audit Committee.
  • He also serves on the Duke University Healthcare System’s Board of Directors.

Biography PhotoSharon L. Allen
Former Chairman, Deloitte LLP

Professional Highlights:

  • From 2003 until her retirement in May 2011, Ms. Allen served as Chairman of Deloitte LLP, a firm that provides audit, consulting, financial advisory, risk management and tax services as the U.S. member firm of Deloitte Touche Tohmatsu Limited.
  • She worked at Deloitte for nearly 40 years in various leadership roles at the firm, including partner and regional managing partner, and was previously responsible for audit and consulting services for a number of Fortune 500 and large private companies.
  • Ms. Allen was also a member of the Global Board of Directors, Chair of the Global Risk Committee and U.S. Representative on the Global Governance Committee of Deloitte Touche Tohmatsu Limited from 2003 to May 2011.

Other Leadership Experience and Service:

  • Ms. Allen is a past Chair of the National Board of Directors of the YMCA of the USA, a leading nonprofit organization for youth development, healthy living and social responsibility.
  • She served as Chair of the Audit Committee and as a board member of Catalyst Inc., a leading nonprofit organization dedicated to expanding opportunities for women and business.
  • Ms. Allen was appointed by President George W. Bush to the President’s Export Council.

Biography PhotoSusan S. Bies
Former Member, Board of Governors of the Federal Reserve System

Professional Highlights:

  • Ms. Bies has served as a Senior Advisory Board Member to Oliver Wyman Group, a management consulting subsidiary of Marsh & McLennan Companies, Inc., since February 2009.
  • She served as a member of the Board of Governors of the Federal Reserve System from 2001 to 2007.
  • Ms. Bies served as a member of the Financial Accounting Standard Board’s Emerging Issues Task Force from 1996 to 2001.
  • Ms. Bies previously held various leadership roles, including Executive Vice President of risk management, Auditor and Chief Financial Officer, at First Tennessee National Corporation, a regional bank holding company, where she was employed from 1979 to 2001. At First Tennessee, she also served as Chair of the Asset Liability Management Committee and Executive Risk Management Committee.
  • Ms. Bies currently serves as a director of Zurich Insurance Group Ltd.
  • She began her career as a regional and banking structure economist at the Federal Reserve Bank of St. Louis.

Biography PhotoFrank P. Bramble, Sr.
Former Executive Officer, MBNA Corporation

Professional Highlights:

  • Since July 2014, Mr. Bramble has served as Chairman of the Board of Trustees of Calvert Hall College High School (Baltimore, MD), where he served as Interim President from July 2013 to June 2014.
  • Mr. Bramble served as Vice Chairman, from July 2002 to April 2005, and advisor to the Executive Committee, from April 2005 to December 2005, of MBNA Corporation, a financial services company acquired by Bank of America in January 2006.
  • He previously served as the Chairman and Chief Executive Officer at Allfirst Financial, Inc. and held executive leadership positions at MNC Financial Inc., Maryland National Bank, American Security Bank and Virginia Federal Savings Bank.
  • Mr. Bramble also served as a director, from April 1994 to May 2002, and Chairman, from December 1999 to May 2002 of Allfirst Financial, Inc. and Allfirst Bank, U.S. subsidiaries of Allied Irish Banks, plc.
  • He began his career as an audit clerk at the First National Bank of Maryland.

Other Leadership Experience and Service:

  • He is an emeritus member of the Board of Visitors of Towson University, where he was also a lecturer from 2006 to 2008.

Biography PhotoPierre J. P. de Weck
Former Chairman and Global Head of Private Wealth Management, Deutsche Bank AG

Professional Highlights:

  • Mr. de Weck served as the Chairman and Global Head of Private Wealth Management and member of the Group Executive Committee of Deutsche Bank AG from 2002 to May 2012.
  • Prior to joining Deutsche Bank, Mr. de Weck served on the Management Board of UBS AG from 1994 to 2001, as Head of Institutional Banking from 1994 to 1997, as Chief Credit Officer and Head of Private Equity from 1998 to 1999 and as Head of Private Equity from 2000 to 2001.
  • He also held various senior management positions at Union Bank of Switzerland from 1985 to 1994.

Biography PhotoArnold W. Donald
President and Chief Executive Officer, Carnival Corporation & plc

Professional Highlights:

  • Mr. Donald has been President and Chief Executive Officer of Carnival Corporation & plc, a cruise and vacation company, since July 2013.
  • Mr. Donald previously served as President and Chief Executive Officer from November 2010 to June 2012 of The Executive Leadership Council, a nonprofit organization providing a professional network and business forum to African-American executives at major U.S. companies.
  • Mr. Donald was President and Chief Executive Officer of the Juvenile Diabetes Research Foundation International from January 2006 to February 2008.
  • From 2000 to 2003, Mr. Donald served as Chairman and Chief Executive Officer of Merisant Company, a privately held global manufacturer of tabletop sweeteners, and he remained Chairman until 2005.
  • He joined Monsanto Company in 1977, where over his 20-year tenure he held several senior leadership positions with global responsibilities including President of its Agricultural Group and President of its Nutrition and Consumer Sector.

Other Leadership Experience and Service:

  • Mr. Donald was appointed by President Clinton and re-appointed by President George W. Bush to the President’s Export Council.

Biography PhotoCharles K. Gifford
Former Chairman, Bank of America Corporation

Professional Highlights:

  • Mr. Gifford served as Chairman of Bank of America Corporation from April 2004 until his retirement in January 2005.
  • He became President and Chief Executive Officer of FleetBoston Financial Corporation in 2001 and served as Chairman and Chief Executive Officer from 2002 to April 2004, when FleetBoston was acquired by our company.
  • Prior to Mr. Gifford’s service as President and Chief Executive Officer of FleetBoston, he served as Chief Executive Officer of Bank of Boston and then President of FleetBoston.
  • Mr. Gifford began his career in financial services at the Bank of Boston in 1966.

Biography PhotoCharles O. Holliday, Jr.
Former Chairman, Bank of America Corporation, and former Chairman and CEO, E. I. du Pont de Nemours and Company (DuPont)

Professional Highlights:

  • Mr. Holliday served as Chief Executive Officer of E.I. DuPont de Nemours and Company, a global chemical and life sciences company, from 1998 until December 2008 and as Chairman from 1999 to December 2009. He joined DuPont in 1970 and held various positions during his tenure at the company.

Other Leadership Experience and Service:

  • Mr. Holliday serves as: Chair of the Executive Committee of Sustainable Energy for All, an initiative sponsored by the United Nations and The World Bank to bring energy access, efficiency and renewable resources to the world; and Chairman of the National Academy of Engineering, an honorary organization established by Congress whose members include over 2,000 of the most outstanding engineers in the U.S.
  • He also is a former Chairman of the World Business Council for Sustainable Development and serves as Chairman Emeritus of the U.S. Council on Competitiveness and Chairman Emeritus of Catalyst, a leading nonprofit organization dedicated to expanding opportunities for women and business.

Biography PhotoLinda P. Hudson
Chairman and CEO, The Cardea Group, and former President and CEO, BAE Systems Inc.

Professional Highlights:

  • Ms. Hudson has served as Chairman and CEO of The Cardea Group, LLC, a management consulting business, since May 2014.
  • Ms. Hudson served as CEO Emeritus of BAE Systems, Inc. (BAE), a U.S.-based subsidiary of a global defense, aerospace and security company headquartered in London, from February 2014 to May 2014, and as President and Chief Executive Officer of BAE from October 2009 until January 2014.
  • Ms. Hudson served as President of BAE Systems plc’s (BAE Systems) Land and Armaments operating group, the world’s largest military vehicle and equipment business, from October 2006 to October 2009.
  • Prior to joining BAE, Ms. Hudson worked at General Dynamics Corporation and was President of its Armament and Technical Products business. During her career, she has held various positions in engineering, production operations, program management and business development for defense and aerospace companies.
  • She served as a member of the Executive Committee and as an executive director of BAE Systems from 2009 until January 2014. She has also been a member of the Board of Directors of BAE since 2009.

Other Leadership Experience and Service:

  • Ms. Hudson is a member of the Board of Directors of the University of Florida Foundation, Inc. and the University of Florida Engineering Leadership Institute.
  • She also is a member of the Board of Directors of the Center for a New American Security, a non-partisan research institute that develops national security and defense policies.

Biography PhotoMonica C. Lozano
Chair of the Board, US Hispanic Media Inc.

Professional Highlights:

  • Ms. Lozano has served as Chair of the Board of US Hispanic Media Inc., the parent company of ImpreMedia, LLC, a leading Hispanic news and information company, since June 2014, and as Chairman of ImpreMedia since July 2012. She served as Chief Executive Officer of ImpreMedia from May 2010 to May 2014. She also was Senior Vice President of ImpreMedia from January 2004 to May 2010.
  • Ms. Lozano served as Publisher of La Opinion, a subsidiary of ImpreMedia, from 2004 to May 2014 and was Chief Executive Officer from 2004 to July 2012.

Other Leadership Experience and Service:

  • She served as a member of President Obama’s Council on Jobs and Competitiveness from 2011 to 2012 and President Obama’s Economic Recovery Advisory Board from 2009 to 2011.
  • Ms. Lozano serves as a member of the Board of Trustees of the University of Southern California, and was a member of the Board of Regents of the University of California and the State of California Commission on the 21st Century Economy.

Biography PhotoThomas J. May
Chairman, President and Chief Executive Officer, Northeast Utilities

Professional Highlights:

  • Mr. May became President and Chief Executive Officer of Northeast Utilities, one of the nation’s largest utilities serving 3.6 million customers in three states, in April 2012, and has been Chairman since October 2013.
  • He was the Chairman and Chief Executive Officer of NSTAR, a Northeast Utilities predecessor, from 1999 to April 2012 and President from 2002 to April 2012. He also served as Chief Financial Officer and Chief Operating Officer during his tenure at Northeast Utilities’ predecessor companies.
  • Mr. May currently serves as a director of Liberty Mutual Holding Company, Inc.

Biography PhotoLionel L. Nowell, III
Former Senior Vice President and Treasurer of PepsiCo, Inc.

Professional Highlights:

  • Mr. Nowell served as Senior Vice President and Treasurer of PepsiCo, Inc., a leading global food, snack and beverage company, from 2001 to May 2009. He previously served as Chief Financial Officer of The Pepsi Bottling Group and as Controller of Pepsi.
  • Prior to joining Pepsi, Mr. Nowell served as Senior Vice President, Strategy and Business Development at RJR Nabisco, Inc. from 1998 to 1999.
  • He held various senior financial roles at the Pillsbury division of Diageo Plc, including Chief Financial Officer of its Pillsbury North America, Pillsbury Foodservice and Haagen-Dazs divisions, and also served as Controller and Vice President of internal audit of the Pillsbury Company.

Other Leadership Experience and Service:

  • Mr. Nowell serves on the Dean’s Advisory Board at The Ohio State University Fisher College of Business.

Biography PhotoClayton S. Rose
Professor of Management Practice, Harvard Business School

Professional Highlights:

  • Dr. Rose has been a Professor of Management Practice at Harvard Business School since 2007.
  • Prior to joining the Harvard Business School, Dr. Rose taught strategy at the Graduate School of Business at Columbia University and the Stern School of Business at New York University.
  • During his approximately 20 years of service at JPMorgan Chase & Co. and predecessor company J.P. Morgan & Co., Dr. Rose served as Vice Chairman, headed two lines of business – Global Investment Banking and Global Equities – and was a member of JPMorgan Chase’s senior management team.

Other Leadership Experience and Service:

  • Dr. Rose serves on the Board of Trustees for the Howard Hughes Medical Institute and chairs its Audit and Compensation Committee.

Biography PhotoR. David Yost
Former Chief Executive Officer, AmerisourceBergen Corporation

Professional Highlights:

  • Mr. Yost served as Chief Executive Officer of AmerisourceBergen Corporation, a pharmaceutical services company providing drug distribution and related services to healthcare providers and pharmaceutical manufacturers, from 2001 until his retirement in July 2011 and as President from 2001 to 2002 and again from September 2007 to November 2010.
  • He has held various positions at AmerisourceBergen and predecessor companies, including Chief Executive Officer of Amerisource Health Corporation, during a nearly 40-year career.

Contact the Board of Directors

Persons seeking to communicate with the Board of Directors, any director, non-management members of the Board as a group or any committee of the Board should send a letter to the Corporate Secretary at Bank of America Corporation, 214 N. Tryon St., NC1-027-20-05, Charlotte, NC 28255. The letter should indicate to whom the communication is intended. The Corporate Secretary or the secretary of the designated committee may sort or summarize the communications as appropriate. Communications that are commercial solicitations, customer complaints, incoherent or obscene will not be communicated to the Board or any director or committee of the Board.