Charles K. Gifford (born November 8, 1942) is an American banker and businessman. He is the chairman emeritus of Bank of America, having served on its board of directors from 2004 to 2016.[1][2]
Charles Gifford | |
|---|---|
| Born | November 8, 1942 Providence, Rhode Island, U.S. |
| Alma mater | Princeton University (BA) |
| Occupation | Banker |
| Years active | 1964–present |
| Children | 4, including Rufus Gifford |
Early life and education
editGifford was born on November 8, 1942, in Providence, Rhode Island.[3] His father was a successful banking executive, and his mother was a homemaker. Through his mother, Gifford is a descendant of the John Brown and the Brown family.[4] Gifford, his parents, and three siblings were passengers in the first-class cabin on the SS Andrea Doria when it collided with the Swedish liner MS Stockholm and sank off Nantucket in 1956. The Giffords survived the accident, which claimed 46 lives.[5][6]
Gifford earned a Bachelor of Arts in history from Princeton University in 1964.[7]
Career
editAfter graduating from college in 1964, he began his banking career in New York City working at Chase Manhattan until 1966 before joining Bank of Boston.
At Bank of Boston, Gifford worked in commercial lending, first as a loan officer in 1967, then in various vice president positions. From 1975 to 1977 he headed corporate lending at the London, England, office. In Boston he became the executive of the Corporate Banking Group in 1984. After two years as vice chairman, the company promoted him to president in 1989, with Ira Stepanian as chief executive officer. When Stepanian resigned in July, 1995, the board promoted Gifford as his successor.[8] He became CEO of FleetBoston Financial in December 2002.[7]
Gifford served as chairman of Bank of America from 2004 to 2005, when the company acquired FleetBoston, and he served as a board member until 2016.[9]
Gifford has also made several contributions to Democratic Party politicians and candidates, including Barack Obama, Joe Kennedy III, Alan Khazei, Claire McCaskill, Bill Keating, Andrei Cherny, Barney Frank, and Angus King.[10]
Service on boards of directors
editHe has served on the following boards:[7]
- CBS Corporation, Director, 2006–2018[11]
- Dana–Farber Cancer Institute, Director
- Northeastern University, Trustee
- NSTAR LLC, Presiding Trustee, 1999–present
Personal life
editGifford married Anne Dewing in 1964. They have four children, including financier and diplomat Rufus Gifford.
References
edit- ^ "Charles K. Gifford". Forbes.com. Archived from the original on 23 May 2010. Retrieved 20 February 2011.
- ^ "Ex-Fleet CEO Chad Gifford to retire from Bank of America Board"
- ^ "Charles K. Gifford". www.nndb.com. Retrieved 2020-03-03.
- ^ "Priscilla Gifford; world traveler survived Andrea Doria tragedy - The Boston Globe". archive.boston.com. Retrieved 2020-03-03.
- ^ "Andrea Doria First Class Passengers from A-M".
- ^ Josh Balling, "Survivors Remember the Andrea Doria, 50 Years After Its Sinking," June 10, 2010, The Inquirer and Mirror
- ^ a b c "Executive Profile Charles K. Gifford". Bloomberg Financial. Retrieved 18 August 2018.
- ^ Hansell, Saul (28 July 1995). "Bank's Chief Resigns After Failed Deals". The New York Times.
- ^ Roberts, Deon (March 17, 2016). "Bank of America director Chad Gifford stepping down". Charlotte Observer. Retrieved 18 August 2018.
- ^ "Charles Gifford - $84,960 in Political Contributions for 2012". www.campaignmoney.com. Retrieved 2020-03-03.
- ^ Ryan, Greg (2018-09-10). "Ex-BofA chair Gifford leaves CBS board as part of Redstone deal". Boston Business Journal. Retrieved 2023-04-14.
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