Walter E. Massey, a former head of the National Science Foundation who also ran historically Black Morehouse College, has been named chairman of Bank of America.
In his latest high-profile gig, Massey is the one being entrusted to get one of the nation’s three largest commercial banks on the right financial track. The position became available on Wednesday as shareholders voted to create an independent chairman, prying Chairman Ken Lewis from the post but allowing him to stay on as president and chief executive officer.
“President Massey will provide strategic leadership, sound judgment and integrity for one of America’s great financial institutions,” said Robert Franklin, the current president of Atlanta’s Morehouse, where Massey ruled from 1995 to 2007.
Massey's new job is only one of many important positions he has held over the years.
In addition to the presidency of Morehouse, one of the elite historically Black campuses, the 71-year-old Massey served on the boards of the Bank of America, Delta Air Lines, Motorola and BP PLC. President George H.W. Bush made him the first African-American director of the National Science Foundation, which led the government’s support of research and education in mathematics, science and engineering. He was also a member of the Gates Millennium Scholars Advisory Council and the National Commission on Mathematics and Science Teaching for the 21st Century.