Bank of America, the Charlotte, N.C.-based financial behemoth with $150.4 billion in 2009 revenue, named Charles Noski CFO and executive vice president. He succeeds Joe Price, who was appointed head of the bank's consumer and small business banking unit earlier this year. Noski, 57, was CFO for AT&T from 1999 to 2002 and for Northrop Grumman from 2003 to 2005. Since leaving Northrop Grumman, he has served on the boards of companies including Morgan Stanley, Microsoft, and Air Products and Chemicals.
Caterpillar, the $32.2 billion equipment manufacturer, named Edward Rapp CFO. He succeeds Dave Burritt, who is retiring. As one of Caterpillar's group presidents since 2007, Rapp's responsibilities included oversight of global finance and strategic support. From 2004 to 2007, Rapp, 53, served as vice president of the Peoria, Ill.-based company's building construction products unit. He joined Caterpillar in 1979 as a pricing analyst and in 2005 was named vice president of the Europe-Africa-Middle East marketing unit.