Bank of America adds Jim Fitterling and Bill Thomas to its board of directors
Bank of America's board has appointed former CEOs Jim Fitterling of Dow and Bill Thomas of KPMG as directors, effective immediately.
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what happened
The board of Bank of America has appointed Jim Fitterling and Bill Thomas as directors, with the appointments taking effect immediately. The bank announced the move in a press release distributed by PRNewswire on Wednesday, October 21, 2026, and republished by TradingView.
Fitterling, 65, is executive chairman of the board at Dow Inc., where he served as chief executive from 2018 to 2026. Thomas, 58, was global chairman and chief executive of KPMG International from 2017 to 2026. Reuters noted that both previously led large companies.
The bank's chair and chief executive said the new directors bring experience in managing large global organizations, while Thomas adds deep financial expertise in audit and financial reporting. The lead independent director cited the bank's long-standing succession planning process.
why it matters
The board changes look routine and are unlikely to affect Bank of America's near-term financial results. For investors they mainly signal continuity in leadership and oversight of the bank's long-term strategy.
tags
instruments
sources
- Bank of America Names Jim Fitterling and Bill Thomas to Board of Directors — TradingView, 21 October 2026 at 20:45 UTC
- Bank of America names Jim Fitterling and Bill Thomas to board of directors — Reuters, 21 October 2026 at 20:55 UTC
- Bank of America names Jim Fitterling and Bill Thomas to board of directors — Reuters, 21 October 2026 at 21:13 UTC
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