By Rick Rothacker
CHARLOTTE, North Carolina (Reuters) - Bank of America Corp
Noski, who had previously held CFO posts at Northrop Grumman Corp
Moynihan said at the time that the change was because Noski was unable to move to the bank's headquarters in Charlotte, North Carolina, due to a serious illness of a close family member. The job change came at a difficult time for the bank, shortly after the Federal Reserve had rejected its request to increase its penny per-share quarterly dividend.
Bank of America spokesman Scott Silvestri declined to comment on Noski's retirement.
As vice chairman, Noski played a key leadership role in helping the bank change its mortgage lending business model, according to the bank's latest proxy filing. Bank of America, which has been besieged by losses from its Countrywide Financial acquisition in 2008, scaled back its home loan business last year, deciding to no longer buy mortgages from smaller banks.
Noski received $7.6 million in total compensation for 2011 and 2010, including $4.2 million in stock awards, according to the proxy filing.
(Editing by Leslie Adler and Jan Paschal)