News: Bank of America CFO Bruce Thompson steps down

C-Suite

Bank of America CFO Bruce Thompson steps down

Bruce Thompson, Bank of America's chief financial officer for the last five-and-a-half years, will be stepping down, CEO Brian Moynihan announced. He will be replaced with long-time BofA executive Paul Donofrio on Aug. 1.

Bank of America's second-in-command is out of a job following a management shake-up announced late Wednesday. Bruce Thompson, Bank of America's chief financial officer for the last five-and-a-half years, will be stepping down, CEO Brian Moynihan announced. He will be replaced with long-time BofA executive Paul Donofrio on Aug. 1. Thompson's exit comes as a surprise, as he was reportedly considered a possible successor for Moynihan. 

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