Bank of America Corporation
09/15/2025 | Press release | Distributed by Public on 09/15/2025 14:56
Management Change/Compensation (Form 8-K)
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 12, 2025, Bank of America Corporation (the "Corporation") appointed Dean C. Athanasia, President, Regional Banking, and James P. DeMare, President, Global Markets, as Co-Presidents of the Corporation, and Alastair M. Borthwick as Executive Vice President of the Corporation, in addition to his current role as Chief Financial Officer, effective immediately.
Mr. Athanasia (59) has served as the Corporation's President, Regional Banking since October 2021, President, Retail and Preferred and Small Business Banking from January 2019 to October 2021, Co-Head - Consumer Banking from September 2014 to January 2019 and Preferred and Small Business Banking Executive from April 2011 to September 2014.
Mr. DeMare (56) has served as the Corporation's President, Global Markets since September 2020 and Global Co-Head of FICC Trading and Commercial Real Estate Banking from February 2015 to September 2020.
Mr. Borthwick (57) has served as the Corporation's Chief Financial Officer since November 2021 and President of Global Commercial Banking from October 2012 to October 2021.
A description of any material plan, contract or arrangement between the Corporation and Messrs. Athanasia, DeMare and Borthwick is set forth in the Corporation's 2025 Proxy Statement filed with the U.S. Securities and Exchange Commission on March 10, 2025.
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