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Bank of America CEO tells Bloomberg TV he is not leaving in short term
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Bank of America CEO tells Bloomberg TV he is not leaving in short term
Sep 17, 2025 8:13 AM

NEW YORK, Sept 17 (Reuters) -

Bank of America ( BAC ) CEO Brian Moynihan said on Wednesday

he is not leaving the bank in the short term, but added the

company has to line up candidates with experience to run the

company in the future, according to an interview on Bloomberg

TV.

"I'm not going anywhere in the short term, but in the medium

term... it takes a while to set that up and get people used to

the size and scale this company," Moynihan said.

"Long term, we have one of the duties that I and the whole

management teams owes the board of directors is a series of

candidates that had the experience to run this company over

time," he added.

BofA on Friday appointed Dean Athanasia and Jim DeMare as

co-presidents, in a sign that the second-largest U.S. lender is

preparing potential successors for CEO Moynihan.

Chief Financial Officer Alastair Borthwick was named an

executive vice president.

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