People

Bank of America Names Finance Team

Marc Oken; James Hance; Joseph Dewhirst; Alvaro de Molina.
Stephen TaubMarch 24, 2004

Bank of America, which is preparing to close on its acquisition of FleetBoston Financial Corp., named a new chief financial officer as well as a treasurer.

Marc Oken will become CFO, reporting to James Hance, who is relinquishing the CFO title but will continue as vice chairman. Oken, whojoined Bank of America in 1989 from Price Waterhouse LLP and has most recently served as principal financial executive, will also continue to lead the transition for the Bank of America/Fleet merger.

Hance will continue to be responsible for finance, legal, corporate planning and strategy, investment portfolio management, and investor relations.

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Joseph R. Dewhirst, currently financial senior vice president and treasurer of FleetBoston Financial, will become corporate treasurer. Dewhirst, who has worked at Fleet since 1982, will report to Oken.

He succeeds Alvaro G. de Molina, who has been named president of global corporate and investment banking. He replaces Edward J. Brown III, who has decided to retire from Bank of America after 32 years.