Bank of America Corp. is reorganizing its team of senior managers as indicated by Tuesday’s announcement it will replace its chief financial officer and will appoint a new chief risk officer.
New chief executive officer Brian Moynihan has been working to revamp the in the hopes of shedding its negative reputation and finally seeing relief from the crash. Among the actions he’s taking is finding new talents. The bank is repoertedly looking externally to find a replacement for current chief financial officer Joe Price,
Joe Price has been appointed the head of consumer and small business banking.
Chief risk officer Gregory Curl is also changing positions at the bank. Once considered a potential replacement to CEO Ken Lewis, Curl has been assigned to address issues in “strategic partnerships.” This is an obvious blow for Curl who has not made an announcement that he may leave the bank as of yet.
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