Bank of America said this week in a securities filing that its chief accounting officer will be stepping down. The bank also said that two of its board members would not stand for re-election at its 2015 annual meeting of stockholders.
Neil Cotty, who has served as chief accounting officer since 2009, will be stepping down on March 1. Assuming his role is Rudolf Bless, who joined the bank as deputy chief accounting officer in November. Prior to joining BofA, Bless served at Credit Suisse Group as chief accounting officer from January 2002 to October 2014, and as deputy chief financial officer from October 2010 to October 2014.
The bank also announced that Charles Holliday and Clayton Rose, each members of the board, separately announced that they'd be stepping down. In October 2014, Holliday was appointed chairman of Royal Dutch Shell, and on Jan. 26, Rose was apponted president of Bowdoin College in Brunswick, Maine.