Bank of America (NYSE: BAC) named Charles Noski as its new chief financial officer and according to a regulatory filing, Noski could earn as much as $8.5 million annually in salary and bonuses.
The Charlotte, N.C.-based bank disclosed to the Securities and Exchange Commission that Noski will receive an $800,000 base salary and a signing bonus of $500,000. It is also reported that Noski could receive as much as $7.2 million in job performance incentives.
Noski, 57, was most recently the CFO and corporate vice president of aerospace company Northrop Grumman Corp. Prior to working with Northrop Grumman, Noski spent time as CFO and chairman of the board at AT&T Corp.
Noski will be responsible for overseeing Bank of America’s finance functions, along with corporate treasury, investor relations, corporate investments and global principal investments.
