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Article: Stepping up: Stanley O'Neal to take the helm at troubled Merrill Lynch. (Newsmakers).
- Article from:
- Black Enterprise
- Article date:
- October 1, 2002
- Author:
CopyrightCOPYRIGHT 2002 Earl G. Graves Publishing Co., Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Merrill Lynch board of directors elected E. Stanley O'Neal, currently the firm's president and COO, to serve as chief executive, effective Dec. 2, 2002. The appointment makes him the first African American to head a major Wall Street firm.
O'Neal, who replaces David Komansky, joined Merrill Lynch in 1986 as an investment banker and has been in his current position since July 2001. He formerly served as president of Merrill Lynch's U.S. Private Client Group from February 2000 to July 2001, and as chief financial officer from March 1998 to February 2000.
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