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Catherine Bessant is driving an initiative to centralize and streamline a sprawling technology network at Bank of America. She's got her work cut out for her: the many companies BofA has acquired all came with their own software and hardware, some state-of-the-art and others, not so much. This month, BTN takes an inside look at the challenges facing Bessant and her team, and examines the diffi cult path toward IT modernity at one of the world's largest financialinstitutions.
September 1
Bank of America (BAC) has named a consumer bank executive as its new enterprise chief information officer after Marc Gordon said that he will be stepping down.
Gordon will be
Gordon came to Bank of America in August 2004 from electronics retailer Best Buy (BBY) and was involved with several important hires during his tenure. In March 2011, the company said that it had
Gordon said in a statement that he was looking forward to a personal change in direction. “One of the highlights of my career has been working with the outstanding group of leaders, technologists and innovators at Bank of America,” said Gordon. “As I look forward, I’m pleased to be leaving the Enterprise CIO team in the capable hands of Laurie Readhead and other leaders around Cathy Bessant’s table.”
“Marc has shared with me his decision to pursue new personal and professional interests,” said Bessant in a statement. “His contributions to Bank of America and GT&O have been substantial, and we will miss his technical knowledge, tremendous business acumen and strong leadership. We wish Marc the best as he makes decisions about his future career path.”
