New CEO for Bank of America


Brian Moynihan will replace Ken Lewis as chief executive of Bank of America on January 1.

Moynihan, who is currently president of consumer and small-business banking, was elected to the top role by the bank's board yesterday.

The Charlotte-based firm has been on the lookout for a successor to Lewis since September, when he announced his resignation effective December 31 after eight years at the helm of the bank.

In August, the bank implemented a series of changes to its executive management

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