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Article: BofA appoints 4 new directors.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- June 7, 2009
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BofA appoints 4 new directors
New York, June 7 (PTI) Bank of America, which has been directed to bolster its capital position following the rigorous tests, has appointed four new directors to its board.
The financial services major's top management has come under fire for the entity's precarious position, which even led the shareholders stripping Kenneth D Lewis of his board chairmanship in April.
The appointment of the four new directors is effective from June 5, Bank of America said in a recent statement. Currently, the board strength stands is 20.
Former member of the Board of Governors of the Federal Reserve System Susan S Bies, ...