CHARLOTTE, N.C., April 14 (UPI) -- Bank of America named Chuck Noski, formerly of Northrop Grumman Corp. as its new chief financial officer Wednesday to replace Joe Price.
Price will move from the CFO position to head the bank's retail operations, the Charlotte (N.C.) Observer reported.
Noski, BofA's sixth CFO in six years, is the first the bank has appointed to the position to come from outside the firm.
A bank spokesman, Jerry Dubrowski, said the decision was not influenced by any government agency. "We didn't need to get approval and we did not seek approval from the Federal Reserve or other regulators," he said.
"But they have obviously been notified," he added.
Noski was CFO at Northrop Grumman for a little over a year and left "to pursue other personal and professional interests," a 2005 statement defining his departure said.
Noski, also a former CFO at AT&T Corp., currently chairs the auditing committees of Microsoft Corp. and Morgan Stanley, but plans to resign from the Morgan Stanley due to a potential conflict of interest, the newspaper said.
