Bank of America announces new CFO, technology and legal heads in sweeping management overhaul


Brian Moynihan, chairman and chief executive officer of Bank of America Corp, speaks in New York City, September 25, 2019.

Shannon Stapleton | Reuters

Bank of America CEO Brian Moynihan announced the most sweeping management overhaul of his 12-year tenure atop the giant financial institution.

In a memo distributed to employees on Friday, Moynihan named a new chief financial officer, technology head, general counsel and chief administrative officer. The firm’s management team added five new members, he said.

“These changes position the company with highly energized leaders who are committed to driving Responsible Growth through its second decade – delivering for our clients, communities and shareholders, and addressing major societal issues,” Moynihan said in the memo. “As I shared with our board of directors, it will continue to be my privilege to serve with them as CEO as we drive responsible growth through its second decade.”

This story is developing. Please check back for updates.

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