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 With Ken Lewis poised to retire as CEO and president of Bank of America Corp. (NYSE:BAC) at the end of the year, the field is suddenly thrown open for someone to claim the top spot at the largest bank in the U.S. In its statement announcing Lewis' pending ride into the sunset, BofA's board said that a successor has not yet been named and that a search would soon begin with a candidate named before Lewis leaves. Lewis had run Bank of America for nearly a decade, succeeding his mentor and former CEO Hugh McColl in 2001. In its statement BofA noted that: announced changes to his executive management committee that increased the depth, range and diversity of experience of Bank of America's leadership team. Lewis noted that 'these changes also position a number of senior executives to compete to succeed me at the appropriate time.' Among the internal candidates in the running for the CEO position are:
Names of outside candidates being bandied about include:
Whoever does get the corner office is sure to have their hands full right from the start as Bank of America tries to navigate a veritable minefield of problems connected to the Merrill Lynch acquisition. And for the board members charged with carrying out the search, they'll have their hands full trying to make sure that their selection doesn't result in a further talent exodus. - George White See Bank of America statement See BofA-Merrill Dealwatch See BofA-Merrill talent exodus Dealwatch
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