Bank of America names four new directors
Bank of America Corp (BAC.N) named four new directors in anticipation of retirements from its board next spring.
The new directors are Sharon Allen, former Deloitte LLP chairman; Jack Bovender, former HCA Inc (HCA.N) chairman and chief executive; Linda Hudson, president and CEO of the U.S. subsidiary of BAE Systems Plc (BAES.L); and David Yost, former CEO of AmerisourceBergen Corp (ABC.N), the bank said in a statement.
The appointments are effective immediately and were made "in anticipation of directors who are reaching retirement age and whose terms will expire next spring," according to the statement.
The statement did not say who will be leaving the board.
Bank of America is the second-biggest U.S. bank by assets.
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