Bank of America announces new appointment

Bank of America has announced that global corporate social responsibility executive Andrew Plepler will take on the expanded role of consumer policy executive, responsible for working closely with the company's core consumer business lines in order to better align and help govern policies and decisions consistent with the needs of the company's external stakeholders.

In this role, Mr Plepler will serve as the senior executive responsible for interfacing with consumer and community groups while representing Bank of America's position on critical consumer issues impacting those organizations and their constituents.

Mr Plepler will work closely with teams within global consumer and small business banking, including global card services, and Bank of America home loans and insurance, on important issues with implications for consumers including, but not limited to, loan modification efforts, pricing and fees, and lending and investing strategies to create economic vitality.

He will continue to direct the company's corporate social responsibility (CSR) initiatives, including philanthropy, associate volunteerism, community development lending and investing, Community Reinvestment Act activities, environmental initiatives and work in the arts and culture space.

Additionally, Mr Plepler announced that Kerry Sullivan will assume responsibility as president of the Bank of America Charitable Foundation, a position he previously held. Ms Sullivan manages several of the company's core CSR programs including philanthropy, volunteerism and financial stability programming, and reports to Mr Plepler.

Anne Finucane, Bank of America's global chief strategy and marketing officer, said: "We recognize that almost every decision made by Bank of America affects consumers at large and the communities we serve. Having spent his career working with consumer and community groups, Andrew is well positioned to lead this critical dialog and help shape the future of consumer products, policies and services offered by our company."