04:41 PM EDT, 09/12/2025 (MT Newswires) -- Bank of America ( BAC ) said Friday Chair and Chief Executive Brian Moynihan has named Dean Athanasia and Jim DeMare as co-presidents of the company.

Athanasia and DeMare will be in charge of projects focused on long-term growth and will oversee Bank of America's ( BAC ) eight lines of business, the company said.

Moynihan also appointed Alastair Borthwick as executive vice president and chief financial officer. Borthwick has been the company's CFO for the last four years, and took on more responsibilities over time, according to the statement.