Alvaro de Molina
Encyclopedia
Alvaro de Molina was the chief financial officer
of Bank of America
Corporation. He had been with the company since joining one of its predecessors in 1989. He attended Fairleigh Dickinson University
where he graduated with a bachelor's degree in accounting. He also obtained an MBA in 1988 from Rutgers Business School
. Later, de Molina obtained another degree through Duke University's Advanced Management Program.
On Dec. 1, 2006, he announced his resignation as CFO of Bank of America effective at the end of the year. At the time of his resignation he had been finance chief for only 14 months but spent 17 years at Bank of America
At Bank of America, he ran treasury services and investment banking before becoming chief financial officer in 2005.
de Molina joined Cerberus-controlled GMAC in August 2007, becoming chief operating officer.
On March 18, 2008 GMAC LLC named Alvaro de Molina its chief executive officer.
On July 9, 2008 The Wall Street Journal reports that de Molina has made it to Wachovia's short-list of CEOs. According to WSJ, "Mr. de Molina, 50 years old, is considered an outspoken and bold leader who would shake things up in trying to turn around Wachovia, though he might have difficulty fitting into Wachovia's genteel corporate culture."
Alvaro graduated Bergen Catholic High School in Oradell NJ June 1975
Chief financial officer
The chief financial officer or Chief financial and operating officer is a corporate officer primarily responsible for managing the financial risks of the corporation. This officer is also responsible for financial planning and record-keeping, as well as financial reporting to higher management...
of Bank of America
Bank of America
Bank of America Corporation, an American multinational banking and financial services corporation, is the second largest bank holding company in the United States by assets, and the fourth largest bank in the U.S. by market capitalization. The bank is headquartered in Charlotte, North Carolina...
Corporation. He had been with the company since joining one of its predecessors in 1989. He attended Fairleigh Dickinson University
Fairleigh Dickinson University
Fairleigh Dickinson University is a private university founded as a junior college in 1942. It now has several campuses located in New Jersey, Canada, and the United Kingdom.-Description:...
where he graduated with a bachelor's degree in accounting. He also obtained an MBA in 1988 from Rutgers Business School
Rutgers Business School
Rutgers Business School is the graduate and undergraduate business school tied to the Newark and New Brunswick campuses of Rutgers University. It was founded in 1929.Rutgers Business School offers bachelor, masters, and Ph.D. degrees...
. Later, de Molina obtained another degree through Duke University's Advanced Management Program.
On Dec. 1, 2006, he announced his resignation as CFO of Bank of America effective at the end of the year. At the time of his resignation he had been finance chief for only 14 months but spent 17 years at Bank of America
At Bank of America, he ran treasury services and investment banking before becoming chief financial officer in 2005.
de Molina joined Cerberus-controlled GMAC in August 2007, becoming chief operating officer.
On March 18, 2008 GMAC LLC named Alvaro de Molina its chief executive officer.
On July 9, 2008 The Wall Street Journal reports that de Molina has made it to Wachovia's short-list of CEOs. According to WSJ, "Mr. de Molina, 50 years old, is considered an outspoken and bold leader who would shake things up in trying to turn around Wachovia, though he might have difficulty fitting into Wachovia's genteel corporate culture."
Alvaro graduated Bergen Catholic High School in Oradell NJ June 1975