Daily News: August 24, 2012

Bank of America Board Appoints Four New Directors

Bank of America announced that its Board of Directors has appointed Sharon Allen, former Deloitte chairman, Jack Bovender, former HCA chairman and chief executive officer, Linda Hudson, president and CEO of BAE Systems and David Yost, former CEO of AmerisourceBergen, as new directors. The appointments are effective immediately.

“Bank of America shareholders will benefit from the global perspectives, diverse insights and depth of experience these leaders possess,” said Bank of America chairman Charles O. Holliday, Jr. “They have a range of expertise in leading large, complex organizations, some in highly regulated industries with global businesses, that will enhance the board of directors.”

These new appointments are being made in anticipation of directors who are reaching retirement age and whose terms will expire next spring.

“The management team will benefit from the addition of these directors and their unique skills and leadership qualities,” said Bank of America chief executive officer Brian Moynihan. “We look forward to the contributions each of them will make.”