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Bank of America Names Maria Martinez to Board of Directors

(Neutral)
(Very Positive)
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management

Bank of America (NYSE: BAC) has appointed Maria Martinez to its Board of Directors, effective immediately. Martinez, 67, brings over four decades of technology and telecommunications experience, most recently serving as Chief Operating Officer at Cisco Systems from 2018 to 2024. In this role, she oversaw Worldwide Operations, Customer Experience, Security & Trust, and Supply Chain functions.

Martinez's extensive career includes leadership positions at major technology companies including Salesforce, Microsoft, Motorola Solutions, and AT&T Bell Laboratories. She currently serves on the boards of Tyson Foods and McKesson. Martinez holds a Bachelor's degree in electrical engineering from the University of Puerto Rico and a Master's degree in computer engineering from Ohio State University.

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Positive

  • Addition of seasoned technology executive with 40+ years of experience to the board
  • Brings expertise in digital operations, cybersecurity, and customer experience from leading tech companies
  • Current board experience at major corporations (Tyson Foods and McKesson)

Negative

  • None.

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CHARLOTTE, N.C., Jan. 29, 2025 /PRNewswire/ -- The Bank of America Corporation Board of Directors today appointed Maria Martinez as a director, effective immediately.

Maria Martinez, 67, was a senior executive at Cisco Systems, a global leader in networking and cybersecurity solutions, from 2018 to 2024.  She most recently served as the Chief Operating Officer with oversight of Cisco's Worldwide Operations, Customer Experience, Security & Trust, Supply Chain, and other functions.  Previously, she was the Chief Customer Experience Officer at Cisco, where she oversaw the company's Services and Customer Success organizations and led successful initiatives to enhance customer satisfaction and service delivery.

Ms. Martinez has more than four decades of experience in the technology and telecommunications industries including leadership positions at Salesforce Inc., Microsoft Corporation, Motorola Solutions and AT&T Bell Laboratories. 

"Maria's leadership experience at some of the largest technology companies in the world will be a valuable asset and provide additional perspective. I look forward to her joining our board," said Brian Moynihan, chair and chief executive officer.

Martinez currently serves on the boards of Tyson Foods Inc. and McKesson Corp.  Martinez holds a Bachelor's degree in electrical engineering from the University of Puerto Rico and a Master's degree in computer engineering from Ohio State University.

"Maria has a tremendous record of achievement as a technology executive and experienced independent director.  I am confident she will make significant contributions, and we are happy to have her join our Board," said Lionel Nowell III, lead independent director.

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 the United States, serving approximately 69 million consumer and small business clients with 3,700 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 58 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock is listed on the New York Stock Exchange (NYSE: BAC).

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.

Reporters may contact:

Jessica Oppenheim, Bank of America
Phone: 1.646.855.1600
jessica.oppenheim@bofa.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/bank-of-america-names-maria-martinez-to-board-of-directors-302363641.html

SOURCE Bank of America Corporation

FAQ

Who is the new Bank of America (BAC) board member appointed in January 2024?

Maria Martinez, former Chief Operating Officer at Cisco Systems, was appointed to Bank of America's Board of Directors effective January 29, 2024.

What experience does Maria Martinez bring to Bank of America's (BAC) board?

Martinez brings over 40 years of technology and telecommunications experience, including executive roles at Cisco, Salesforce, Microsoft, Motorola Solutions, and AT&T Bell Laboratories.

What was Maria Martinez's most recent role before joining BAC's board?

Martinez most recently served as Chief Operating Officer at Cisco Systems from 2018 to 2024, overseeing Worldwide Operations, Customer Experience, Security & Trust, and Supply Chain functions.

What other board positions does BAC's new director Maria Martinez hold?

Maria Martinez currently serves on the boards of Tyson Foods Inc. and McKesson Corp.