The Financial Industry Regulatory Authority has filled two slots on its Board of Governors with Bank of America President of Global Wealth & Investment Management Sallie Krawcheck and Tritaurian Capital Inc. Chief Operating Officer Ken Norensberg.

FINRA counted the votes for the new appointments on Wednesday morning, following an election that included about 46% of FINRA member firms. FINRA Spokeswoman Nancy Condon said she did not have a vote tally.

New governors Krawcheck and Norensberg are set to begin their terms immediately. A FINRA governor’s term typically lasts for three years, and they are restricted from serving for more than two consecutive terms.

Krawcheck has been elected to serve as a large firm governor, replacing Richard F. Brueckner, who has served as a governor since FINRA was created in 2007. In July, FINRA’s board also elected Vanguard Group Inc. Chairman Emeritus Jack Brennan to replace Brueckner as lead governor in a one-year term. Brueckner currently serves as chairman of BNY Mellon company Pershing LLC and senior executive vice president of BNY Mellon.

Krawcheck was uncontested for the slot for large firm governor. She is also a member of Bank of America’s executive management team in addition to her role as president of global wealth and investment management. Krawcheck joined Bank of America in 2009, following her role as chairman and chief executive of Citi Global Wealth Management.

Norensberg was voted to serve as a small firm governor. He is currently chief operating officer at New York-based broker dealer Tritaurian Capital. Norensberg won over other small firm governor candidates Zeus Securities Inc. President Alan Davidson and Moloney Securities Co. Chairman and CEO E. John Moloney.

At the same time, FINRA has also re-elected five individuals to its board of governors. They include floor member representative John F.X. Dolan, of Knight Capital Americas LP; as well as public governors Charles A. Bowsher, former U.S. Comptroller General; James E. Burton, California Strategies LLC; Harvey J. Goldschmid, professor, Columbia University Law School; and Kurt P. Stocker, Northwestern University.