Leon Levy, 77, founder of Oppenheimer Funds and chairman of the fund's New York board has retired. Effective on the first of this month, Clayton K. Yeutter, a trustee of the New York Board for more than two decades, will assume chairmanship. Currently, Yeutter is a counsel to Hogan & Hartson, one of the nation's largest law firms. He was a U.S. Trade Representative in the late 80's and U.S. Secretary of Agriculture in the early 90's. Earlier in his career, he was president and CEO of the Chicago Mercantile Exchange.

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