On September 15, 2022, the Board of Directors of Bank of America Corporation appointed José (Joe) E. Almeida as a director, effective immediately. Almeida, 59, serves as chairman, president and chief executive officer of Baxter International Inc., a position he has held since 2016. Before joining Baxter, Almeida served as chairman, president and chief executive officer of Covidien plc from 2012 to 2015.

Almeida also served in leadership roles at Tyco Healthcare (Covidien's predecessor), Wilson Greatbatch Technologies Inc., American Home Products' Acufex Microsurgical division, and Johnson & Johnson's Professional Products division. He began his career as a management consultant at Andersen Consulting (Accenture). Almeida previously served on the boards of Walgreens Boots Alliance Inc., Analog Devices Inc., EMC Corporation, State Street Corporation and Covidien plc.

He currently serves on the Northwestern University Board of Trustees. Almeida has been appointed to the Audit Committee and Compensation and Human Capital Committee of the Bank of America Board of Directors. A native of Brazil, Almeida received a bachelor's of science degree in mechanical engineering from Instituto Mauá de Tecnologia.