Bank of America Corp. today said that O. Temple Sloan, Jr. has resigned from the Board of Directors.
Sloan, 70, who had recently served as lead director, was on the board for 13 years. He was among the board members under pressure since the bank's bumpy acquisition of Merrill Lynch & Co. His resignation was effective Tuesday.
“Temple has been a trusted adviser who has made an invaluable contribution to the success of our company,” Kenneth D. Lewis, the bank's chief executive, said in a statement. “We will miss his counsel and his leadership.”
Sloan most recently served as the chairman of both the executive committee and the compensation and benefits committee. He was also a member of the corporate governance committee. (By Beth Healy, Globe Staff)