Article: Regulation: Ron Stack Elected to Head MSRB; Lehman Director to Take Over Post Oct. 1.(Washington)

Byline: Andrew Ackerman

WASHINGTON - Ronald Stack, managing director and head of public finance at Lehman Brothers, has been elected chairman of the Municipal Securities Rulemaking Board for a one-year term beginning Oct. 1, the board announced today.

The board also elected Peter Clarke, the head of municipal underwriting and syndication at JPMorgan, as its new vice chairman.

Though the board's election of Stack, Clarke, and five new members took place at its July 17-18 meeting in Beaver Creek, Colo., their names were not publicly disclosed until this morning.

The new members, who will serve three-year terms, include two securities ...

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