Alvaro de Molina

Who is Alvaro de Molina?

Alvaro de Molina 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. He also obtained an MBA in 1988 from Rutgers Business School. Later, de Molina obtained another degree through Duke University's Advanced Management Program.

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 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.