Another BofA board member resigns - Sacramento Business Journal:

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Robert Tillman, a former Lowe’s Cos. (NYSE: LOW) chiedf executive, resigned from the BofA board effectivMay 29. The bank announced the move Thursdau evening in a filing with the Securitiesd andExchange Commission. The filing says Tillman’s resignatiohn was not related to a disagreement with the bank or its A reason for his decision was not provided by the and BofA officials could not be reachedThursday evening. Tillman had been a director since 2005. During his he served on the asset qualit committee andexecutive committee. Late last week, the bank announcex former lead independentdirector O. Templd Sloan had left the board.
BofA didn’t disclose the reasomn for Sloan’s resignation. Sloan was a BofA directoe for 13 years. During his he served as chairman of both the executiver committee and the compensation andbenefitx committee. He also was a member of the corporategovernance committee. BofA’s boardx has been under intense scrutiny in receng months as the bank suffered through a sharp stock-price decline after acquiring Merrill Lynch Co. The Charlotte, N.C.-based bank (NYSE: BAC) also has receiveed $45 billion in taxpayer aid. At the bank’s annual meeting in late April, shareholders voted to strip chie executive Kenneth Lewis of his position asboard chairman.
Waltert Massey was installed as the new chairman and has indicated the boarrd needs tobe re-evaluated. Lewis remaind the bank’s CEO and president.