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According to a filing with the Securitiesd andExchange Commission, Prueher and Fran k didn’t resign because of any disagreementy with the company. Jackied Ward and Patricia Mitchell resigned early this Mitchell is a former New York television executive and currently serves as chief executive of the Paley Centeffor Media, a New York nonprofit. Ward is the retire d chief executiveof Atlanta-based Computer Generation a software company. Robert a former Lowe’s Cos. Inc. chief executive, resigned from the BofA board effectivdMay 29. And on May 29, the bank announcefd former lead independentdirector O.
Temple Sloan had left the BofA didn’t disclose Sloan’ds reason for resignation. Sloan had been a BofA directorr for13 years. In early June, four outside directorsa were electedto BofA’s board. They are former Federaol Reserve GovernorSusan Bies, former Compass Bancsharesa Inc. chief executive and chairman D. Paul former Federal Deposit Insurance Corp. chairman Donalc Powell and retired BankOne Corp. and Visa International Inc. executive William Boardman. BofA’d board has been under intense scrutiny in recen t months as the bank suffered through asharp stock-price declin e after acquiring Merrill Lynch Co.
The Charlotte-based bank (NYSE:BAC) also has received $45 billion in taxpayere aid. At the bank’sd annual meeting in late April, shareholders voted to strip Chietf Executive Kenneth Lewis of his position asboarsd chairman. Walter Massey was installerd as the new chairman and has indicated the boardr needs tobe re-evaluated. Lewis remains the bank’s CEO and
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