Alvaro de Molina

Alvaro de Molina (born July 13, 1957) 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, and he received a Master of Business Administration degree from Duke's Fuqua School of Business. He also attended Rutgers Business School for his MBA in 1988.

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 of 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."

External links

* [http://business.rutgers.edu/default.aspx?id=1467 Rutgers Business School page]
* [http://newsroom.bankofamerica.com/index.php?s=company_bios&item=10 Bank of America biography]
* [http://finance.google.com/finance?q=BAC "Bank of America, Corporation" on Google Finance]
* [http://online.wsj.com/article/SB120584338984744989.html?mod=hps_us_whats_news "GMAC Names de Molina as CEO" on WSJ]
* [http://online.wsj.com/article/SB121562969046140005.html?mod=hpp_us_whats_news "Wachovia Narrows CEO Search" on WSJ]

Alvaro graduated Bergen Catholic High School in Oradell NJ June 1975