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![]() Our momentum has continued through the healthcare crisis and unprecedented challenges of the past 20 months with your terrific efforts and leadership.Īlso core to our long-term progress is our ongoing effort to develop generations of diverse leaders who are deeply experienced and energized to drive the company’s growth. This steadfast focus has enabled us to build strength quarter by quarter, year over year – to record levels of earnings, market capitalization, client and employee satisfaction, and brand and reputation. As we stated then, we drive Responsible Growth through four tenets: we must grow and win in the market we must grow through our customer-focused strategy serving people, companies and institutions we must grow in alignment with our risk framework and we must grow in a sustainable manner through operational excellence, being a great place to work, and sharing success with our communities. We established the path forward for our company nearly 12 years ago as we emerged from the global financial crisis with our focus on Responsible Growth. “As I shared with our Board of Directors, it will continue to be my privilege to serve with them as CEO as we drive Responsible Growth through its second decade.”īelow is the letter that Moynihan shared with the company’s teammates today. “These changes position the company with highly energized leaders who are committed to driving Responsible Growth through its second decade – delivering for our clients, communities and shareholders, and addressing major societal issues,” said Chairman and Chief Executive Officer Brian Moynihan. When all of the changes are complete, Bank of America’s senior management team will include individuals with an average of 21 years of service in the company and 31 years in the financial services industry, with increased global and international expertise and more diversity of gender and race than ever before in the company’s history. The company is adding five new members, including three women, to the senior management team, further strengthening diversity at the most senior levels of the company. Bank of America today announced senior leadership changes to position the company for long-term success, while continuing to deliver for clients, communities and shareholders. ![]()
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