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FLEET SERVICES CORP. APPOINTS DAVID M. SHEPPARD CHAIRMAN AND CHIEF EXECUTIVE OFFICER; ROBERT P. DRUM NAMED PRESIDENT

 PROVIDENCE, R.I., April 7 /PRNewswire/ -- David M. Sheppard has been appointed chairman and chief executive officer, and Robert P. Drum has been named president, of Fleet Services Corp., it was announced today by Michael R. Zucchini, vice chairman of Fleet Financial Group (NYSE: FLT).
 In addition, Michael C. Noble, executive vice president of Fleet Services Corp., who shared the office of the president with Sheppard and Drum, will transfer to Fleet Corporate Administration, where he will direct corporate initiatives in quality management, process engineering and quality assurance.
 "Fleet Financial Group recently reorganized its management structure. Consistent with the corporate reorganization, Fleet Services Corp. is streamlining its management and narrowing its reporting lines," Zucchini said.
 Fleet Services Corp., which has several locations throughout the Northeast, handles the data processing, computer systems and backroom operations for Fleet's banking and investment companies.
 Sheppard, 45, joined Fleet Information, Inc., formerly the data processing subsidiary of Fleet Financial Group, as president in 1986. He had been a senior vice president with The Boston Safe Deposit & Trust Company from 1983 to 1987. He was named an executive vice president of Fleet Services Corp. in 1988.
 A graduate of Princeton University, Sheppard began his career in 1969 with Bank of America, San Francisco, where he eventually became a senior vice president. He and his family live in Wakefield, R.I.
 Drum, 49, was appointed an executive vice president of Fleet Services Corp. in 1988. Before that he was president of Norstar Services, Inc., the data processing and bank operations subsidiary of the former Norstar Bancorp, Albany, which merged with Fleet Financial Group in 1988.
 He joined the former Liberty National Bank, Buffalo, then a Norstar subsidiary, in 1962 and became an assistant vice president in 1974. In 1978 he transferred to Norstar Data Services, where he was named a vice president in 1981, executive vice president the following year, and president in 1984. Drum attended the University of Buffalo and is a member of the American Institute of Banking. He and his family live in Rexford, N.Y.
 Noble, 40, joined Fleet National Bank, Providence, in 1974. He held various positions in the bank's Commercial Lending Division, and was named as assistant vice president in 1979, a vice president in 1981, and a senior vice president in 1983. In 1987 he assumed responsibility for all of Fleet National Bank's operations functions, and in 1988 he transferred to Fleet Services Corp. and was named an executive vice president.
 A graduate of Harvard College, Noble is past chairman of the board of directors of the Public Education Fund, Providence, and a board member of Rhode Island Special Olympics, Inc. He and his family live in East Greenwich, R.I.
 Fleet Financial Group is a $47-billion diversified financial services company listed on the New York Stock Exchange with approximately 1,200 offices nationwide. Its lines of business include commercial and consumer banking, mortgage banking, consumer finance, asset-based lending, investment management, and student loan processing.
 -0- 4/7/93
 /CONTACT: Robert Lougee, Jr., 401-278-5879; Bruce Crooks, 401-278- 6241; Thomas Lavelle, 401-278-3003; Jodi Kennedy, 401-275-7329, all of Fleet Financial Group/
 (FLT)


CO: Fleet Financial Group ST: Massachusetts, Rhode Island IN: FIN SU: PER

DJ -- NE005 -- 3689 04/07/93 09:36 EDT
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Publication:PR Newswire
Date:Apr 7, 1993
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