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MERRILL LYNCH APPOINTS WILLETT, LANG TO NEW POSTS

 MERRILL LYNCH APPOINTS WILLETT, LANG TO NEW POSTS
 NEW YORK, May 4 /PRNewswire/ -- Merrill Lynch & Co., Inc.


(NYSE: MER), today announced the appointment of two executives to senior vice president positions, reporting to the chief financial officer:
 -- Joseph T. Willett has been appointed senior vice president and controller, replacing Richard B. Stewart Jr., who resigned. Willett has been senior vice president and treasurer since March 1991, and acting treasurer since January 1990.
 -- Theresa Lang has been appointed to succeed Willett as senior vice president and treasurer. Lang has been an investment banker in Merrill Lynch's financial institutions area since 1984, and a director since 1990.
 As controller, Willett will be responsible for the financial control function for Merrill Lynch on a global basis, as well as for corporate tax, corporate accounting and reporting, and management reporting and analysis.
 "As treasurer, Joe Willett has been highly regarded for his stewardship of Merrill Lynch's exceptionally strong balance sheet and liquidity," said the company's chief financial officer, Herbert M. Allison Jr., executive vice president, finance and administration. "We're confident that in his new position, Joe and the outstanding controller team will continue the progress of recent years in providing the management information and resource allocation systems that have been so effective in enabling Merrill Lynch to improve its profitability."
 As treasurer, Lang will have responsibility for the company's short- and long-term funding, cash management, bank relations, capital planning and insurance functions.
 "Terry Lang is an experienced investment banker who is well- respected throughout the organization," Allison said. "In the course of providing investment banking services to financial institutions, Terry has previously worked closely with treasury, which will serve her well in this new position. We're delighted she has agreed to assume the critical responsibility of maintaining and enhancing the company's financial strength."
 Willett joined Merrill Lynch in 1982 as director of long-term funding, and subsequently held a number of treasury positions, including deputy treasurer, finance, and deputy treasurer, funding and treasury operations. He was elected vice president in 1983, first vice president in 1988, and senior vice president in 1991.
 Prior to joining Merrill Lynch, Willett worked for seven years at Chase Manhattan Bank, where he was vice president in the Chase financial policy division. He received a bachelor's degree in mathematics and economics from Bates College, and an M.B.A. from the William E. Simon Graduate School of Business Administration at the University of Rochester. Willett lives in Ridgewood, N.J., with his wife Janice and their three children.
 Lang joined Merrill Lynch in 1984 as an investment banking associate in the financial institutions area. She was elected a vice president in 1986 and a director in 1990.
 Prior to joining Merrill Lynch, she worked as an investment banking associate for Becker Paribas, and as an equity research analyst for Oppenheimer & Co. and for Bear Stearns. She received a bachelor's degree in economics from Fordham University and an M.B.A. from UCLA. Lang lives in Brooklyn with her husband, Scott St. Marie, and their daughter.
 -0- 5/4/92
 /CONTACT: William Clark of Merrill Lynch, 212-449-7284/
 (MER) CO: Merrill Lynch & Co., Inc. ST: New York IN: FIN SU: PER


GK-OS -- NY071 -- 6080 05/04/92 13:07 EDT
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Publication:PR Newswire
Date:May 4, 1992
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