Andrea Smith Named Global Human Resources Executive at Bank of America

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Feb 11, 2010, 01:00 ET

CHARLOTTE, N.C., Feb. 11 /PRNewswire/ -- Bank of America today announced that Andrea B. Smith has been named Global Human Resources executive effective immediately. She succeeds J. Steele Alphin, chief administrative officer, who has announced he is retiring, following a transition period, after nearly 33 years with the company.

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"Andrea brings an impressive combination of leadership, experience and business acumen to this assignment," said Brian T. Moynihan, Bank of America chief executive officer and president. "In addition to being a strategic advisor to me, the management team and senior executives in every line of business, she also is a leader in creating our culture of diversity and inclusiveness, so vital to building a global team of associates. Andrea is the right person to lead the important work of attracting, developing and retaining talent for Bank of America."

Smith, 42, will report to Moynihan and will be based in Charlotte.

Smith has most recently served as the senior human resources executive for Global Banking and Markets, Global Commercial Banking, Global Wealth and Investment Management, Global Technology and Operations, and the Chief Administrative Officer Group. In addition, she has overseen global staffing and global learning for the company and has been an active member of its Global Diversity and Inclusion Council for the last four years.

Smith joined Bank of America in 1988 and has held a range of positions primarily in Global Human Resources. She has led functions in staffing, compensation and more recently served as the senior human resources executive for multiple businesses including Global Risk, the Chief Financial Officer Group and Global Corporate and Investment Banking. For these areas, she was responsible for long-term strategic planning of human resources including organization design and development, leadership development, talent acquisition and compensation strategies.

Smith earned her bachelor's degree in economics from Southern Methodist University. She previously served as a member of the board of directors for Youth Homes, Inc. in Charlotte.

Bank of America

Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 59 million consumer and small business relationships with 6,000 retail banking offices, more than 18,000 ATMs and award-winning online banking with nearly 30 million active users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to more than 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients in more than 150 countries. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.

www.bankofamerica.com

SOURCE Bank of America