BofA reaches out to BNY Mellon chief for CEO job

01 November 2009 @ 09:56 pm EDT

Bank of New York Mellon Corp Chief Executive Robert Kelly was recently approached about taking the CEO job at Bank of America Corp , but he has shown no interest in the job, The Wall Street Journal reported.


Financial CEOs speak to reporters at the White House after meeting with U.S. President Barack Obama
Bank of New York's Chief Executive Robert Kelly (C) speaks to reporters at the White House after a meeting about the economy with U.S. President Barack Obama in the State Dining Room in Washington, March 27, 2009.
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Citing people familiar with the matter, the Journal reported on Sunday that Kelly has been approached more than once about being a potential successor to Kenneth Lewis, who will retire at the end of this year.

Some Bank of America stakeholders and regulators are pushing the board's search committee to look outside the company for the next CEO, but potential candidates have fallen short of the board's hopes or were not interested, the paper reported on its website.

The search committee could also hire an insider, and Bank of America Chief Risk Officer Gregory Curl and small-business banking head Brian Moynihan are the two top candidates in that case, sources told the Journal.

The search committee is not expected to make a decision until the end of this week at the earliest, these sources told the paper.

Spokesmen for Bank of America and BNY Mellon did not immediately return calls seeking comment on the Journal report.

(Reporting by Anupreeta Das; Editing by Bernard Orr)

Copyright 2009 Thomson Reuters. All rights reserved.

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