Bank of America Names Jim Fitterling and Bill Thomas to Board of Directors
Bank of America (BAC) appointed Jim Fitterling and Bill Thomas to its Board of Directors, with both appointments effective immediately.
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Bank of America (BAC) appointed Jim Fitterling and Bill Thomas to its Board of Directors, with both appointments effective immediately.
Fitterling is Dow's executive chairman and served as its chief executive officer from 2018 to 2026. He has also served on 3M's board since 2021 and became its lead director in 2024. Thomas served as KPMG International's global chairman and chief executive officer from 2017 to 2026. A chartered accountant, he brings nearly four decades of experience in audit, accounting and financial reporting.
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"We are pleased to welcome two seasoned CEOs, who join our Board after leading large, global organizations," said Brian Moynihan, Chair and Chief Executive Officer, Bank of America. "Jim brings decades of experience in a complex, evolving industry and significant public company board credentials, while Bill brings deep financial expertise in audit, accounting and financial reporting, advising businesses across industries and around the world."
"Jim and Bill are valuable additions to our Board, with complementary leadership experience that will help strengthen our oversight of the company's long-term strategy," said Lionel Nowell III, Lead Independent Director, Bank of America. "We have a longstanding, robust succession planning and board refreshment process, which has produced two outstanding leaders to join our Board."
Mr. Fitterling, 65, is Executive Chairman of the Board of Directors of Dow Inc., a global materials science company. From 2018 to 2026, Mr. Fitterling served as Chief Executive Officer of Dow, and he was elected Board Chair in 2020. Previously, Mr. Fitterling served as President and Chief Operating Officer of Dow. From September 2017 through March 2019, he also served as Chief Operating Officer for the Materials Science Division of DowDuPont.
During his tenure as Chief Executive Officer, Mr. Fitterling led Dow's transformation toward higher-growth markets driven by customer needs and innovation, while overseeing significant capital-intensive international operations, global supply chains and exposure to cyclical markets.
Mr. Fitterling began his career at Dow more than 40 years ago following his graduation from the University of
He has served on the Board of Directors of 3M since 2021 and was named lead director in 2024. Mr. Fitterling has also served as chair of the National Association of Manufacturers and the American Chemistry Council, as well as a member of the World Economic Forum's International Business Council.
Mr. Thomas, 58, served as Global Chairman and Chief Executive Officer of KPMG International, a global organization of independent professional services firms providing audit, tax and advisory services, from 2017 to 2026. In this role, Mr. Thomas led KPMG's network of 265,000 professionals, across 143 countries. Prior to this, Mr. Thomas was the Chairman of KPMG's
During his tenure as Global Chairman and Chief Executive Officer, Mr. Thomas led the organization through a period of significant transformation and growth, aligning member firms behind shared strategic priorities, refreshing the organization's governance and overseeing a multibillion-dollar investment program focused in part on technology and AI-enabled capabilities.
With nearly four decades of experience in audit, accounting and financial reporting, Mr. Thomas is a chartered accountant and has been a Fellow of the Institute of Chartered Accountants of
Mr. Thomas has served as a member of the International Integrated Reporting Council, the Business Roundtable, the World Economic Forum's International Business Council, FCLTGlobal and the Global Public Policy Committee.
Bank of America
Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in
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Reporters may contact
Jessica Oppenheim, Bank of America
Phone: 1.646.855.1600
jessica.oppenheim@bofa.com
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SOURCE Bank of America Corporation