Ramos Joins Bank of America Board of Directors

The Bank of America Board of Directors appointed Denise L. Ramos as a director. Ramos retired in 2019 as the CEO, president and a director of ITT, after serving in those roles since 2011.

She joined ITT in 2007, serving as the senior vice president and CFO before becoming CEO. Under her tenure as CEO, market capitalization for the company increased nearly three times to more than $5 billion.

Currently, Ramos is on the boards of directors for Phillips 66 and United Technologies. She previously served on the board of Praxair from 2014 to 2016.

“Denise’s leadership in multiple industries – engineering, aerospace and technology, energy and sustainability – brings additional diversity and executive perspective to our board,” said Brian Moynihan, Bank of America chairman and CEO.

Ramos has been appointed to the Audit and Compensation and Benefits Committees of the board.

“Denise will bring great insights across a wide range of experiences and deep business acumen to the board,” said Jack Bovender, lead independent director.

Ramos was named fifth by Fortune on its 2014 Businessperson of the Year list, and that same year was honored by the New York Hall of Science with its Distinguished Leadership Award for her leadership in 21st-century STEM learning, workforce development and commitment to establishing diversity throughout the STEM fields.

For more than two decades prior to joining ITT, Ramos held leadership positions in the oil and gas industry, as well as significant retail and customer-centric roles. Her career began at Atlantic Richfield Company, and she also served as senior vice president and corporate treasurer for Yum! Brands, CFO for the U.S. Division of KFC and CFO for Furniture Brands International.

She is a member of Phi Beta Kappa and received an MBA from the University of Chicago.

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