Another BofA board member resigns - Boston Business Journal:

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Robert Tillman, a former (NYSE:LOW) chief executive, resigned from the BofA board effectiveMay 29. The bank announced the move Thursdayg evening in a filing with the Securitiews andExchange Commission. The filing says Tillman’xs resignation was not related to a disagreement with the bank or its A reason for his decision has not been provider bythe bank, and BofA officialws could not be reached Thursday Tillman has been a director since 2005. During his tenure, he servecd on the asset quality committee andexecutiv committee. Late last week, the bank announcefd former lead independentdirector O. Temple Sloaj had left the board.
BofA didn’ t disclose Sloan’s reason for resignation. Sloan was a BofA directotr for13 years. During his tenure, he servedf as chairman of both the executive committee and the compensationb andbenefits committee. He also was a membedr of the corporategovernance BofA’s board has been under intense scrutiny in recent months as the bank suffered through a shar p stock-price decline after acquiring Merrill Lynch Co. The Charlotte, N.C.-based bank (NYSE:BAC) also has receivedr $45 billion in taxpayerf aid. BofA is the largest bank in rankedby deposits.
At the bank’x annual meeting in late April, shareholders voted to strip Chiefr Executive Kenneth Lewis of his position asboardx chairman. Walter Massey was installed as the new chairman and has indicatefd the board needs tobe re-evaluated. Lewiw remains the bank’s CEO and