Charles Gifford is stepping down from Bank of America's board after serving as a director for more than a decade.
Gifford, 73, will retire after the Charlotte, N.C., company's April 27 annual meeting, according to a
Gifford was chief executive of FleetBoston when the Boston company sold itself to B of A in 2004. He was briefly Bank of America's chairman after the sale. Brian Moynihan, B of A's chairman and CEO, worked for Gifford when they were both at FleetBoston.
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For the third time B of A has raised, and failed to meet, expectations that it was on the verge of naming a successor to Ken Lewis, who plans to retire as chief executive in three weeks.
December 9 -
Charles Gifford, a Bank of America Corp. director with a penchant for deliberative decision-making, has emerged as a major player in the company's CEO-selection saga.
November 24
Gifford held a number of leadership roles at the FleetBoston predecessor BankBoston during his more than 50-year banking career.
Paul Davis contributed to this report.
