Signaling an effort to accelerate change within the company, Banc One Corp. said Monday that president and chief operating officer Donald L. McWhorter will take early retirement and be replaced by Richard J. Lehmann, head of the highly profitable Arizona subsidiary.

Analysts said the promotion of Mr. Lehmann, 50, is part of a drive to realign upper management at the Columbus, Ohio-based company in the wake of relatively poor performance in 1994, when earnings fell 16% because of acquisition and bond portfolio charges.

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