SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 12, 1999
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Merrill Lynch & Co., Inc.
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(Exact name of Registrant as specified in its charter)
Delaware 1-7182 13-2740599
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(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
World Financial Center, North Tower, New York, New York 10281-1332
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 449-1000
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(Former name or former address, if changed since last report.)
<PAGE>
Item 5. Other Events
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On July 12, 1999, Merrill Lynch & Co. Inc., issued the following Press
Release.
News
Merrill Lynch & Co., Inc.
World Headquarters
[OBJECT OMITTED] North Tower
World Financial Center
New York, New York 10281-1331
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Release date: July 12, 1999
For information contact:
Paul W. Critchlow
(212) 449-9900
MERRILL LYNCH PRESIDENT AND COO HERBERT M. ALLISON JR. RETIRES
NEW YORK, July 12 - Merrill Lynch & Co., Inc. today said that its
President and Chief Operating Officer, Herbert M. Allison Jr., is retiring
from the company.
"Having spent 28 exciting years at this firm, I am very proud to have
been part of a team that has achieved such outstanding growth and success
during that period," said Mr. Allison.
"Still, at this point in my life and career, I realize that this is an
opportune time to make a change. For Merrill Lynch, the time is also right - the
company is blessed with wonderful, talented people and enjoys strong market
positions around the world."
Said Merrill Lynch Chairman and CEO David H. Komansky: "Herb Allison
has brought great intellectual energy, dedication and integrity to every stage
of his career at Merrill Lynch. He has been a strong contributor to our
success over the years. All of us understand and respect his decision and wish
him every success and happiness."
<PAGE>
Mr. Komansky said there are no immediate plans to name a new president
and COO, and that Vice Chairman Stephen L. Hammerman will assume additional
responsibilities for a number of the firm's key support areas. In addition,
Vice Chairman John L. Steffens will assume increased management
responsibilities for the holding company.
Reporting directly to Mr. Komansky will be the executives leading the
four business groups - U.S. Private Client, International Private Client,
Asset Management, and Corporate and Institutional Client Group - as well as
the Chief Financial Officer, the Chief Marketing Officer, the Chief Technology
Officer, the head of Corporate Strategy and Research, and the Chairman of
CICG. The composition of the firm's 18-member Executive Management Committee
remains unchanged.
Mr. Hammerman will oversee Human Resources, Operations Services and
Marketing & Communications. He will continue to oversee the General Counsel's
Office.
"One of the key strengths of Merrill Lynch is a depth of management
talent unmatched in our industry," Mr. Komansky said. "The seasoned executives
leading our business and support groups have the ability to lead our company,
execute our strategy and produce superior results for our shareholders and
clients in the years ahead."
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereto duly authorized.
MERRILL LYNCH & CO., INC.
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(Registrant)
By: /s/ Andrea L. Dulberg
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Andrea L. Dulberg
Secretary
Date: July 13, 1999
