Executives: Turns at the Top

Among recent changes in top-level U.S. management:

> Boston's First National Bank named President Roger Damon, 60, as chairman and chief executive officer, succeeding Lloyd Brace, who, at 63, moved up to the largely honorary job of executive committee chairman. During his seven years as president of the nation's oldest bank (its 1784 charter was signed by, among others, John Hancock), Damon has made a name as an innovator. In 1934 he introduced the idea of a bank issuing a letter of credit for individual auto buyers. (He recently recalled: "I said...

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