New Merrill Directors Join Bank of America

Last Wednesday Bank of America elected three Merrill Lynch directors to its board.

"We are very pleased to add these directors to our board," said Chairman and CEO Ken Lewis. "Their experience managing large, complex organizations and working throughout multiple countries will serve Bank of America well as we successfully integrate Merrill Lynch's global operations into our companies. These directors will provide strong leadership and perspectives."

Three new directors are as follows:

-Former IRS Commissioner Charles O. Rossotti

-Former Miller Brewing Company executive Virgis W. Colbert

-Former Ambassador to the People's Republic of China Admiral Joseph Prueher

Rossotti is a senior adviser at The Carlyle Group, focusing primarily on investments in the fields of information technology and business services. He began serving on the Merrill Lynch board of directors in 2004 and is expected to serve on both Bank of America's Corporate Governance and Compensation and Benefits Board committees.

Colbert is the retired executive vice president of Miller Brewing Company. He began serving on the Merrill Lynch board of directors in 2006 and is expected to serve on Bank of America's Asset Quality Board committee.

Prueher is a consulting professor at Stanford University's Institute of International Studies and senior adviser on The Preventive Defense Project. Admiral Prueher served as Ambassador to the peoples Republic of China from 1999 to 2001. He began serving on the Merrill Lynch board of directors in 2001 and dis expected to serve on Bank of America's Audit Board committee.

Good Luck to these gentleman...Bank of America needs some good news.