Bank of America names Moynihan CEO, commits to Charlotte

Published Dec. 17, 2009 at 7:51 a.m.
(By Rick Rothacker and Christina Rexrode, rrothacker@charlotteobserver.com crexrode@charlotteobserver.com) Bank of America's board late Wednesday unanimously named Brian Moynihan the Charlotte bank's next chief executive, depending on him to lead the bank out of a recession and into a new age of regulation of the industry.

The bank's headquarters will remain here, Moynihan said in an interview, adding that his office will be in Charlotte. Moynihan's Boston ties had raised concerns about his commitment to Charlotte.

Back | Read more at Charlotte Observer business