Summary
Bank of America Corporation announced a change in its Board of Directors on December 13, 2017, appointing Dr. Maria T. Zuber as a new director, effective immediately. Dr. Zuber's appointment is significant as she brings extensive experience, currently serving as Vice President for Research at the Massachusetts Institute of Technology and as a Senior Research Scientist at NASA. She will also serve on the Board's Enterprise Risk and Corporate Governance Committees, indicating a focus on these critical areas. This appointment is part of the company's ongoing governance strategy. Dr. Zuber is also a board member of Textron Inc. She will be compensated according to Bank of America's standard non-employee director compensation program, which includes restricted stock and cash awards, prorated from her appointment date. Investors should note this addition as it reflects the company's commitment to diverse and experienced leadership on its board, particularly in areas of risk and governance.
Key Highlights
- 1Dr. Maria T. Zuber appointed to the Board of Directors effective immediately (December 13, 2017).
- 2Dr. Zuber will serve on the Board's Enterprise Risk and Corporate Governance Committees.
- 3Dr. Zuber's background includes academic leadership (MIT) and scientific expertise (NASA).
- 4She is also a director at Textron Inc., bringing diversified corporate experience.
- 5Compensation for Dr. Zuber will follow the standard non-employee director program, including stock and cash awards.
- 6Awards will be prorated from the appointment date to the next annual stockholders' meeting.