CHARLOTTE, N.C.--(BUSINESS WIRE)--Oct. 24, 2018--
Bank of America’s Board of Directors today appointed Clayton S. Rose as
director, effective immediately. He is a member of the Audit and
Compensation and Benefits committees.
Dr. Rose, 60, served as a director from 2013 until 2015, when he was
named to his current position as president of Bowdoin College in
Brunswick, Maine. He is a former senior executive with J.P. Morgan & Co.
Inc. During his approximately two decades with the firm, he headed two
of the five major lines of business – Global Investment Banking and
Global Equities – and was a member of the senior management team. He was
a founder of J.P. Morgan’s equities business, and had management roles
in securities, derivatives, and corporate finance businesses.
A former professor at the Harvard Business School, Dr. Rose also taught
at the Graduate School of Business at Columbia University and the Stern
School of Business at New York University. His teaching and writings
range from strategy to corporate responsibility, moral leadership and
ethics, managerial values, and business engagement with societal
“We welcome Clayton back to our board,” said Chairman and Chief
Executive Officer Brian Moynihan. “In every dimension of how we drive
Responsible Growth – focusing on our clients, managing risk well, and
ensuring that growth is sustainable – Clayton brings terrific
“Clayton’s expertise in a range of financial and strategic disciplines,
enhanced by his experience as an academic leader, will add important
judgment and diverse insight to our board,” said Lead Independent
Director Jack Bovender.
Dr. Rose received his Ph.D. in sociology from the University of
Pennsylvania. He earned an A.B. and MBA from the University of Chicago,
and an M.A. from the University of Pennsylvania. He is a trustee of the
Howard Hughes Medical Institute, the nation’s largest private supporter
of academic biomedical research.
The board is composed of 16 directors, 15 of whom are independent.
Eleven of the independent directors joined the board since the company’s
2012 annual meeting.
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 67 million
consumer and small business clients with approximately 4,400 retail
financial centers, approximately 16,100 ATMs, and award-winning digital
banking with more than 36 million active users, including nearly 26
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 across the
United States, its territories and more than 35 countries. Bank of
America Corporation stock (NYSE: BAC) is listed on the New York Stock
For more Bank of America news, including dividend announcements and
other important information, visit the Bank
of America newsroom. Click here
to register for news email alerts.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181024005605/en/
Source: Bank of America
Reporters May Contact:
Lawrence Grayson, Bank of America,