Bank of America have confirmed that former Chairman Charles O. Holliday is leaving the board along with Clayton S. Rose.
Bloomberg News reports that the men won’t stand for re-election at the bank’s annual meeting, the company said Thursday in a regulatory filing. CEO Brian Moynihan replaced Holliday, 66, as chairman in October.
Holliday, a former CEO of DuPont Co., had served as Bank of America’s chairman since April 2010, during most of Moynihan’s tenure as CEO.
In the meantime, Reuters reports that Bank of America said Rudolf Bless will succeed Neil Cotty as chief accounting officer.
Bless, currently Cotty's deputy, joined the bank last November, before which he was deputy chief financial officer and chief accounting officer at Credit Suisse.