Mellon Bank Corp. announced that William J. Stallkamp, the chairman and chief executive officer of Mellon PSFS, will retire at yearend.

Succeeding him as CEO will be Paul S. Beideman, 49, who will assume the post Aug. 16. Mr. Stallkamp, 60, will remain Mellon PSFS' chairman until Dec. 31, when Mr. Beideman will assume that title as well.

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