Effective immediately, Stan O’Neal, chairman and CEO of Merrill Lynch & Co., Inc. has decided to retire from the company. O’Neal joined the company 21 years ago and has been CEO since December 2002. The board of directors has elected Alberto Cribiore, managing partner and founder of Brera Capital–a global private equity firm, as interim non-executive chairman, according to a company statement. Cribiore, who has been a member of the Merrill Lynch board since 2003, will also chair a search committee that will identify and evaluate chief executive candidates from within and outside of the company.
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