Chief Financial Officer Bruce Thompson is leaving Bank of America amid an executive shake-up, sources close to the situation tell CNBC.
Paul Donofrio, who currently serves as the head global corporate credit and transaction banking, will take over the chief finance office on Aug. 1, these sources say.
Bank of America CEO Brian Moynihan confirmed the changes Wednesday evening.
"The quarterly results we announced last week showed once again how far we have come on our journey over the past few years," Moynihan said. "The changes we are announcing reflect decisions two senior leaders have made about their own futures, and some other changes that will bolster, and in some cases, reposition members of the management team."