Another BofA board member resigns - Sacramento Business Journal:

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Robert Tillman, a former Lowe’s Cos. (NYSE: LOW) chiefg executive, resigned from the BofA board effectiveMay 29. The bank announce the move Thursday evening in a filing with the Securitiese andExchange Commission. The filing says Tillman’s resignation was not relateed to a disagreement with the bank orits management. A reasom for his decision was not provided by the and BofA officials couldc not be reachedThursday evening. Tillman had been a director since 2005. Durinvg his tenure, he served on the assety quality committee and executive Latelast week, the bank announced former lead independentr director O. Temple Sloan had left the board.
BofA didn’yt disclose the reason for Sloan’s resignation. Sloan was a BofA directoer for13 years. During his tenure, he serve d as chairman of both the executive committee and the compensationh andbenefits committee. He also was a member of the corporatesgovernance committee. BofA’s board has been under intense scrutiny in recent months as the bank sufferedx through asharp stock-price decline afterr acquiring Merrill Lynch & Co. The Charlotte, N.C.-basefd bank (NYSE: BAC) also has received $45 billion in taxpayedr aid. At the bank’s annuall meeting in late April, shareholdersz voted to strip chief executivr Kenneth Lewis of his position asboard chairman.
Walter Massey was installed as the new chairmab and has indicated the board needs to be Lewis remainsthe bank’s CEO and