Bank of America chooses Moynihan as new CEO

2009-12-18 20:32:47 (GMT) (WiredPRNews.com - Business, News)

Bank of America has chosen Brian Moynihan as its new CEO.

The bank giant has chosen its new CEO.

Charlotte, N.C. (WiredPRNews.com) – Bank of America’s board of directors have chosen the corporation’s new CEO. As reported by the Associated Press (AP), Brian Moynihan has been named the replacement for Ken Lewis.

Moynihan, who will reportedly assume the position January 1, is quoted by the AP as remarking of being picked in a statement, “I am honored to have the opportunity to lead this important company… We have everything we need at Bank of America to be the best financial services company in the world. What we need to do now is very simple. We need to execute.”

Dr. Walter E. Massey, chairman of Bank of America, who spearheaded the search for the new chief executive, is quoted as stating of the company’s decision, “Brian’s wide range of experience, his relationships inside and outside of the company, and his demonstrated ability to understand business dynamics and effect constructive change made him the best person for the position.”

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