Bank of America Corp. BAC -1.36% said Friday it is shaking up its top leadership team, installing new finance, technology and legal chiefs and adding three women to its senior ranks.
The moves amount to the biggest overhaul of senior management in more than a decade, and they make room for a fresh batch of leaders. Two longtime executives announced their retirements last month, and the bank said Friday more executives will move into new roles or retire.
Chief Executive Brian Moynihan, who has spent more than a decade at the helm, informed the board he would like to continue in the top job for years to come, he said in a statement. Still, he has been pressured to elevate rising talent on a leadership team that has been remarkably stable since the bank emerged from the financial crisis years ago