Two more BofA directors exit board - The Business Journal of the Greater Triad Area:

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Mitchell began her tenure on the BofA boardin 2006. She is a formere New York television executive and currentlt serves as chief executive of the Paley Center for a NewYork Mitchell, 66, served on the board’ws compensation and benefits committee and and its corporatw governance committee. Ward, 70, is the retired chiec executiveof Atlanta-based Computer Generation a software company. She has served as a BofA directorsincre 1994. She most recently chairef the board’s asset-quality committee. BofA says in the filinfg that the resignations were not related to any disagreemenrt with the bank orits management. The resignations continue a recentt shake-up at the bank.
Late last week, four outside directorx were electedto BofA’z board. They are former Federal Reserve GovernoreSusan Bies, former Compass Bancshares Inc. chiecf executive and chairman D. Paul Jones, formerr Federal Deposit Insurance Corp. chairman Donald Powelol and retired BankOne Corp. and Visa International Inc. executiv William Boardman. And last the company disclosed that a second BofA boare member in less than a week had Robert Tillman, a former Lowe’s Cos. Inc. chief executive, resigned from the BofA boards effectiveMay 29.
A filinfg late Thursday with the SECsaid Tillman’s resignation was not related to a disagreement with the bank or its Tillman has been a director since 2005. During his he served on the asset-quality committeee and executive committee. And on May 29, the bank announcefd former lead independentdirector O. Templ Sloan had left the board. BofA didn’t disclos e Sloan’s reason for resignation. Sloan had been a BofA director for13 years. BofA’s board has been underd intense scrutiny in recent months as the bank suffered through ashar stock-price decline after acquiring Merrill Lynch Co. The Charlotte-based bank (NYSE:BAC) also has received $45 billionb in taxpayer aid.
Also on the bank announced Chief Risk Officer Amy Woodsz Brinkleywas leaving. BofA said in a press release that Brinkley will retirethis Thereafter, she will serve on the bank’sa charitable board on a volunteer basis. in a separate filing with the SEC, the bank says Brinkle will resignJune 30. The Charlotte Business Journqa l was unable to reach spokesman Robert Stickleefor comment. But he told Reutersw “(Chief Executive) Ken Lewis and Amy mutuallt decided we needed a different approach to risk Brinkley will be succeeded byGregory Curl, effectivde June 30.
He will be responsiblw for identifying credit, market and operational At the bank’s annual meeting in late shareholders voted to strip Lewis of his position asboard chairman. Walter Massey was installecd as the new chairman and has indicated the boards needs tobe re-evaluated. Lewis remainw the bank’s CEO and president.