Kenneth D. Lewis was ousted as Bank of America Corp.'s chairman Wednesday, but retained his seat on the company's board and his titles as president and chief executive.

B of A announced late in the day that a shareholder vote had “narrowly” approved splitting the roles of chairman and CEO, leading to a shake-up that put Walter E. Massey, a president emeritus at Morehouse College in Atlanta, at the head of the table for future board meetings.

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