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Bank of America Follows Path of Lehman With CFO Move
CNBC.com | April 18, 2011 | 02:45 PM EDT

By replacing Chuck Noski with Bruce Thompson in the spot of chief financial officer, Bank of America is marching down a path last trod by Lehman Brothers .

Noski was brought in less than one year ago after a long and distinguished career in the management of some of America’s greatest companies—Northrup Gruman, AT&T, United Technologies, and Hughes Electronics. He is a member of the American Institute of Certified Public Accountants and Financial Executives International, and is a past member of the Financial Accounting Standards Advisory Council of the FASB and the Standing Advisory Group of the Public Company Accounting Oversight Board. He’s served on the boards of ADP, Microsoft and Morgan Stanley.

Basically, this guy is a stalwart of corporate America with almost unparalleled experience as a chief financial officer.

His replacement is not an accountant—he’s an investment banker.

Thompson has an MBA from the University of Virginia’s business school.

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