Phebe Novakovic and Brian Moynihan: Careers, Pay and Personal Lives

Phebe Novakovic and Brian Moynihan lead two of America’s biggest companies: General Dynamics and Bank of America. They run very different businesses, yet both have held the top job for over a decade. This guide covers their careers, pay, education, family and public roles, using filings, company bios and major news reports.

Profile Bio

Novakovic’s Early Life

Novakovic was born in November 1957. Her father, a Serbian immigrant, served as an Air Force intelligence officer, and she spent part of her childhood on U.S. bases in West Germany. She graduated from Smith College in 1979 and later earned an MBA from the Wharton School in 1988.

Novakovic’s Career Path

She began at a defense contractor, joined the CIA in 1983, and later served as special assistant to the Defense Secretary from 1997 to 2001. She joined General Dynamics in 2001, became president and COO in 2012, and has been chairman and CEO since 2013.

General Dynamics Results

Under her leadership, 2025 revenue reached $52.6 billion, net earnings hit $4.2 billion, and backlog climbed to $118 billion. Electric Boat raised submarine output by 13 percent. Submarine delivery schedules remain her biggest operational test, but demand for combat vehicles, ships and Gulfstream jets stays strong.

Moynihan’s Early Life

Moynihan was born on October 9, 1959, in Marietta, Ohio. He graduated from Brown University in 1981, majored in history and co-captained the rugby team. He then earned his law degree at Notre Dame and joined a Providence law firm before moving into banking.

Moynihan’s Career at Bank of America

He joined Fleet as deputy general counsel in 1993 and came to Bank of America through the 2004 merger. He ran wealth management, Merrill Lynch and consumer banking before becoming CEO in January 2010. He added the chair title in October 2014. His strategy, Responsible Growth, focuses on steady organic expansion.

Novakovic’s Pay

For 2024, Novakovic’s proxy lists a $1.7 million salary and total compensation of $23.8 million, mostly stock and options. A summary of the 2026 proxy puts her 2025 total near $25.9 million. Confirm that figure in the company’s filing before quoting it elsewhere.

Moynihan’s Pay

Bank of America approved $41 million for Moynihan’s 2025 pay, up from $35 million. It included a $1.5 million salary, no cash bonus and $39.5 million in equity. Half of the equity is performance-based. Peers were similar: JPMorgan’s Jamie Dimon received $43 million and Wells Fargo’s Charlie Scharf $40 million.

Net Worth

Neither executive has a verified net worth. One estimate puts Novakovic’s direct General Dynamics holding at about 0.3 percent of shares, worth roughly €238.6 million, but that covers stock only and shifts with the share price. No reliable figure exists for Moynihan, so treat precise numbers on unsourced websites with caution.

Family Life

Moynihan is married to Susan Berry, a Brown classmate, and they have three children. The family lives in Wellesley, Massachusetts. Novakovic’s first husband was CIA colleague Michael Vickers; Fortune reported in 2015 that both had remarried. Neither executive shares much about family, and children’s names are not public.

Height and Social Media

Neither executive publishes height, weight or other physical details, so exact figures online are guesses. I found no verified personal social media accounts for either leader. Official updates come through General Dynamics and Bank of America channels, so be wary of impersonation accounts.

Public Roles

Novakovic has served on JPMorgan Chase’s board since 2020, sitting on its Audit and Public Responsibility committees, and was an Abbott Laboratories director from 2010 to 2021. Moynihan became Brown University’s 22nd Chancellor in 2024 and chairs the Sustainable Markets Initiative, founded by King Charles III.

Fun Facts

• Michael Vickers taught Novakovic to skydive.
• Fortune reported that even close friends did not know she worked for the CIA.
• Moynihan co-captained Brown’s rugby team.
• Novakovic appeared on Fortune’s Most Powerful People list in 2024 and 2025.

Succession Outlook

Bank of America named Dean Athanasia and Jim DeMare co-presidents in September 2025, while Moynihan said he plans to lead through the decade. Analysts expect any handover to be years away. General Dynamics has not signaled a successor for Novakovic, who is 68 and has led the company for 13 years.

Final Thoughts

Novakovic and Moynihan reached the top through intelligence and defense on one side, law and banking on the other. Both stayed long enough to see their strategies pay off. For reliable details, rely on SEC filings, official bios and established news outlets rather than unsourced profile pages.

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FAQs

Who is Phebe Novakovic?

She is the chairman and CEO of General Dynamics, a role she has held since 2013. Before industry, she worked as a CIA operations officer and a senior Pentagon aide.

How much does Phebe Novakovic earn?

Her 2024 proxy lists total compensation of $23.8 million, including a $1.7 million salary. Most of the rest came as stock and option awards.

How old is Brian Moynihan?

Moynihan was born on October 9, 1959, in Marietta, Ohio, which makes him 67 as of October 2026.

Are Novakovic and Moynihan connected?

Not by family or employer. Novakovic sits on JPMorgan Chase’s board, a Bank of America rival, but that creates no business tie between the two leaders.

Is Brian Moynihan about to step down?

He has said he plans to lead Bank of America through the end of the decade. Two co-presidents, named in September 2025, are seen as possible successors.