BofA’s finance chief resigns after 15 months
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Bank of America Corp. said its chief financial officer, Al G. de Molina, would resign at the end of the year and be succeeded by fellow executive Joe Price.
The announcement came just 15 months after De Molina, 49, was named to the position. In a statement, De Molina said he wanted to pursue other business opportunities.
Price, 45, is the risk management executive for the bank’s global corporate and investment banking division. He joined Bank of America in 1993 from Price Waterhouse.
There had been no external indications that a change was in the works for the bank’s No. 2 position. De Molina presided over the bank’s most recent quarterly earnings conference call, and analysts have not raised any issue with his performance.
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