Bank of America adds two former CEOs to its board

Bank of America Corporation (NYSE: BAC) appointed Jim Fitterling and Bill Thomas to its board of directors, effective immediately, according to a company statement released Oct. 21, 2026.

Fitterling, 65, is Executive Chairman of Dow Inc., where he previously served as Chief Executive Officer from 2018 to 2026 and was elected Board Chair in 2020. Before leading Dow, he held the roles of President and Chief Operating Officer at the company, and served as Chief Operating Officer of the Materials Science Division of DowDuPont from September 2017 through March 2019. Fitterling has served on the board of 3M since 2021 and was named lead director there in 2024.

Thomas, 58, served as Global Chairman and Chief Executive Officer of KPMG International from 2017 to 2026, overseeing a network of 265,000 professionals across 143 countries. Prior to that role, he was Chairman of KPMG's Americas region from 2014 to 2017, and CEO and Senior Partner of KPMG in Canada from 2009 to 2016. Thomas is a chartered accountant and Fellow of the Institute of Chartered Accountants of British Columbia.

"Jim brings decades of experience in a complex, evolving industry and significant public company board credentials, while Bill brings deep financial expertise in audit, accounting and financial reporting, advising businesses across industries and around the world," said Brian Moynihan, Chair and Chief Executive Officer of Bank of America.

Lionel Nowell III, Lead Independent Director at Bank of America, said the appointments resulted from the company's "longstanding, robust succession planning and board refreshment process."

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