Bank of America Corp. (NYSE:BAC) has turned to executive search firm Russell Reynolds Associates to help find its next CEO, according to The Wall Street Journal. The move signifies that BofA is open to hire a candidate outside of its ranks.
Meanwhile, the board of BofA has narrowed its internal candidates to chief risk officer Greg Curl and
Brian Moynihan, who heads consumer and small-business banking.
Whoever gets selected, the choice will have to pass the litmus test of the Finger family, who owns more than 1 million shares in BofA and helped bring down Ken Lewis. The family amassed its BofA stake in 1996 when the bank acquired their Houston-based Charter Bancshares. - Gerald Magpily
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