BBCN Bank CEO Alvin Kang to step down January 31 BBCN Bancorp announced that Alvin D. Kang will step down from his positions as president and CEO and as a director of the company and its wholly owned subsidiary, BBCN Bank, effective as of the close of business on January 31. The company's board will retain an executive search firm to initiate a formal search for a new CEO. Until a successor is appointed, the board has established an Executive Council to carry out the responsibilities of the CEO. Executive VP and COO Bonita I. Lee will be given the additional title of acting president and will lead the Executive Council. The Executive Council membership will also include executive VP and CFO Philip E. Guldeman and executive VP and Chief Commercial Banking Officer Kyu S. Kim.