After Two-Year Search, O'Neal Selected to Fill Vacancy

After a two-year search, Merrill Lynch & Co. has promoted from within to fill the vacancy of president and chief operating officer: E. Stanley O'Neal, most recently president of Merrill's U.S. Private Client Group (USPC), assumes the helm immediately. The posts have remained unmanned since the July 1999 retirement of Herbert Allison, with Allison's duties shared by CEO David Komansky, and vice chairmen Stephen Hammerman and John Steffens Jr.

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