Bank-America Corp. and NationsBank Corp. have named two senior executives to manage the day-to-day issues of their pending merger.
BankAmerica controller John J. Higgins and NationsBank senior personnel executive Walter Elcock were tapped for the job. "These two are known for their leadership and executive skills," said BankAmerica chief financial officer Michael E. O'Neill.
BankAmerica also announced a "transition steering committee," chaired by Mr. O'Neill, to prioritize issues arising from the merger.
Besides Mr. Higgins and Mr. Elcock, the panel will include: James H. Hance, NationsBank's chief financial officer; Sherry Bartolucci, BankAmerica's head of business engineering services; and Sam Bass, NationsBank's expert in integrated customer sales and service.
San Francisco-based Bank-America and NationsBank of Charlotte, N.C., unveiled their merger plan on April 13.