Earlier today Bank of America BAC (NYSE) under the new leadership of Brian Moynihan made a smart move. The bank appointed Charles Noski as the new CFO. His appointment will fill the vacancy that has been open for a significant amount of time. Noski, an outsider to the bank, is highly qualified. According to Bank of America’s press release.
Noski had been the CFO of defense contractor Northrop Grumman, AT&T, Hughes Electronics and United Technologies. He has also served as a board member for a number of Fortune 500 firms including Morgan Stanley, Microsoft, ADP and others.
The bank continues to make significant management change related steps to right the ship and start moving ahead. This latest major appointment comes on the heels of a number of management related changes Moynihan has already taken in his short tenure as BofA’s new CEO.