Article: Ken Lewis Retiring from BofA - Analyst Blog

Ken Lewis Retiring from BofA - Analyst Blog


Ken Lewis, Chief Executive Officer and President of Bank of America Corporation ( BAC ), announced that he has notified the Board of Directors of his decision to retire, effective December 31, 2009.

The Board will continue ongoing planning to ensure his successor is selected by that date. Lewis will retire both as CEO and as a director.

On Aug. 3, 2009, Lewis, 62, had initiated changes to his executive management committee that increased the depth, expertise and diversity of experience of Bank of America's leadership team. Lewis had targeted these changes to position a number of senior executives to compete to succeed him at the ...

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