Bank of America announces retirements of Vice Chairman Finucane and COO Montag; effective end of 2021

BANK OF AMERICA CORP /DE/

Anne Finucane (Vice Chairman) and Thomas Montag (COO & president of Global Banking and Markets) to retire; remain through end of 2021.
Succession plans to be announced in coming weeks.
Montag's businesses generated ~$38B revenue in 2020 and 46% of total H1 2021 revenue.
Finucane oversaw $1.25B racial equality commitment; will become non-executive chairman of BofA Europe.
Finucane is first woman vice chairman and first woman chairman of BofA Europe board.

item 5.02 item 9.01

Executive movements

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Departed

Thomas Montag

Chief Operating Officer and president of Global Banking and Markets

BAC · BANK OF AMERICA CORP /DE/

Effective: 2021-12-31
Filed: August 26, 2021, 7:59 PM ET

On August 26, 2021, Bank of America Corporation (the “Corporation”) announced the retirements of Anne Finucane, the Corporation’s Vice Chairman, and Thomas Montag, the Corporation’s Chief Operating Officer and president of Global Banking and Markets, and a named executive officer in the Corporation’s 2021 Proxy Statement.

Departed

Anne Finucane

Vice Chairman

BAC · BANK OF AMERICA CORP /DE/

Effective: 2021-12-31
Filed: August 26, 2021, 7:59 PM ET

On August 26, 2021, Bank of America Corporation (the “Corporation”) announced the retirements of Anne Finucane, the Corporation’s Vice Chairman, and Thomas Montag, the Corporation’s Chief Operating Officer and president of Global Banking and Markets, and a named executive officer in the Corporation’s 2021 Proxy Statement.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Thomas Montag retired as Chief Operating Officer and president of Global Banking and Markets at BANK OF AMERICA CORP /DE/.

Action: retired
Role: Chief Operating Officer and president of Global Banking and Markets

Exact text from the filing

On August 26, 2021, Bank of America Corporation (the “Corporation”) announced the retirements of Anne Finucane, the Corporation’s Vice Chairman, and Thomas Montag, the Corporation’s Chief Operating Officer and president of Global Banking and Markets, and a named executive officer in the Corporation’s 2021 Proxy Statement.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Anne Finucane retired as Vice Chairman at BANK OF AMERICA CORP /DE/.

Action: retired
Role: Vice Chairman

Exact text from the filing

On August 26, 2021, Bank of America Corporation (the “Corporation”) announced the retirements of Anne Finucane, the Corporation’s Vice Chairman, and Thomas Montag, the Corporation’s Chief Operating Officer and president of Global Banking and Markets, and a named executive officer in the Corporation’s 2021 Proxy Statement.

View on SEC.gov

BANK OF AMERICA CORP /DE/ filing history →

Source: SEC EDGAR

accession 0001193125-21-257413

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