COMPANIES Bank of America on Friday set up a six-person committee, with a distinctly New England flavour, to identify a new chief executive. Three members come from Fleet Financial Group, the Boston bank acquired by BofA in 2004.
Their heavy representation on the special committee to select a replacement for Ken Lewis – who said on Wednesday that he would retire at year’s end – could prove to be an advantage for one internal candidate, Brian Moynihan, a former Fleet executive who heads up BofA’s consumer banking business.
