Ken Lewis (executive)

For other people named Ken Lewis, see Ken Lewis (disambiguation).
Ken Lewis
Born (1947-04-09) April 9, 1947 (age 77)
Meridian, Mississippi, U.S.
Alma materGeorgia State University (BA)
Occupation(s)Former CEO, president, and chairman of Bank of America
SpouseDonna Lewis

Kenneth D. Lewis (born April 9, 1947) is the former CEO, president, and chairman of Bank of America, currently the second largest bank in the United States[1] and twelfth largest by total assets in the world.[2] While CEO of Bank of America, Lewis was noted for purchasing the failing companies Countrywide Financial and Merrill Lynch, resulting in large losses for the bank and necessitating financial assistance from the federal government.[3][4][5] On September 30, 2009, Bank of America confirmed that Lewis would be retiring by the end of the year. Lewis was replaced by Brian Moynihan as president and CEO and Walter Massey as chairman of the board.[6]

  1. ^ "America's Biggest Banks". Forbes. Retrieved February 10, 2014.
  2. ^ "Top Banks in the World 2013". relbanks.com. Retrieved February 10, 2014.
  3. ^ Finkelstein, Sydney (March 3, 2009). "Why Ken Lewis Destroyed Bank Of America". Forbes. Retrieved January 18, 2013.
  4. ^ "Ken Lewis's Reward For Destroying Bank Of America: $83 Million". Business Insider. February 27, 2010. Retrieved January 18, 2013.
  5. ^ Davidoff, Steven M. (August 11, 2011). "For Bank of America, Countrywide Bankruptcy Is Still an Option". NY Times. Retrieved January 18, 2013.
  6. ^ "Brian Moynihan tapped as new Bank of America CEO - Dec. 16, 2009". money.cnn.com. Retrieved 2024-08-20.