bank of america corp
(BAC:New York Consolidated)

Executive Profile*

Background*

Ms. Susan Schmidt Bies served as an Executive Vice President for Risk Management and Auditor at First Horizon National Corp. (also known as First Tennessee National Corporation) from 1995 to 2001. From 1979 to 1995, Dr. Bies served in various other positions at First Tennessee, including Chief Financial Officer since 1984, Executive Vice President, Senior Vice President, Treasurer, Vice President for Corporate Development, Tactical Planning Manager, and Economist. In ... 1979, she joined First Tennesee National Corporation and served there until 2001. She served as Chief Regional and Banking Structure Economist at the Federal Reserve Bank of St. Louis from 1970 to 1972. She has been a Director of Zurich Financial Services AG since April 2008. She has been an Independent Director of Bank of America Corporation since June 2009. She served as a Member of the Board of Governors of The Federal Reserve System from December 7, 2001 to 2007. She served as Chairman of substantive complexity sub-committee of Securities and Exchange Commission and also served as a Member of its Advisory committee on improving financial reporting from 2007 to 2008. She has been active in leadership positions for various organizations, including the Emerging Issues Task Force of the Financial Accounting Standards Board, the Committee on Corporate Reporting of the Financial Executives Institute, the End Users of Derivatives Association, the American Bankers Association, and the Bank Administration Institute. She serves as a Director at Zurich Insurance Group AG. She also served with numerous other business, professional, academic, civic, and charitable organizations including the American Economic Association, Institute of Management Accountants, International Women's Forum, American Economic Association, Economic Association of Memphis, University of Memphis, Memphis Area Chamber of Commerce, Memphis Youth Initiative, and Memphis Partners. She was Associate Professor of Economics, Rhodes College from 1977 to 1979 and Assistant Professor of Economics at Wayne State University from 1972 to 1977. Dr. Bies graduated with a BS degree from the State University College at Buffalo, New York, and with an MA degree from Northwestern University, Evanston, where she gained a PhD.

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