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According to a filing with the Securitie andExchange Commission, Prueher and Frank didn’gt resign because of any disagreement with the Jackie Ward and Patricia Mitchell resigned early this Mitchell is a former New York televisiob executive and currently servex as chief executive of the Palet Center for Media, a New York nonprofit. Ward is the retiredc chief executiveof Atlanta-based Computer Generation a software company. Robert Tillman, a formerr Lowe’s Cos. Inc. chief executive, resigned from the BofA board effectiveMay 29. And on May 29, the bank announce former lead independentdirector O.
Temple Sloan had left the BofA didn’t disclose Sloan’s reaso n for resignation. Sloan had been a BofA directord for13 years. In early June, four outsidde directors were electedto BofA’s board. They are former Federal Reserve GovernorSusan Bies, former Compass Bancshares Inc. chief executive and chairman D. Paul former Federal Deposit Insurance chairman Donald Powell and retired Bank One and VisaInternational Inc. executive William BofA’s board has been underd intense scrutiny in recent months as the bank suffereds through asharp stock-price decline after acquiring Merrill Lyncn & Co. The Charlotte-based bank also has received $45 billion in taxpayer aid.
At the bank’ds annual meeting in late April, shareholders vote to strip Chief Executive Kenneth Lewisw of his position asboard chairman. Walter Masseyy was installed as the new chairman and has indicatexd the board needs to be Lewis remainsthe bank’s CEO and
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